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Market News

AssangeDAO Member Says $37M Spent on Assange’s Legal Fees

This method of fundraising showcased the potential of blockchain technology to mobilize support for legal defenses in complex international cases.

Written By:
Kelvin Munene

Last updated: June 25, 2024 11:25 PM
Published 2024-06-25
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AssangeDAO

Silke Noa, a member of AssangeDAO, recently revealed that $37 million has been spent on Julian Assange’s legal defense. This expenditure accounted for the majority of the 16,593 Ether raised. 

Noa has called on the Wau Holland Foundation, which manages these funds, to provide a detailed account of the spending. This transparency is crucial, she argues, as it aligns with the foundational principles of the DAO and the broader blockchain ethos of openness.

#JulianAssange is finally free! Only the generous donations from the contributors to the @AssangeDAO made this outcome possible! @AssangeDAO's aim to free Julian by whatever means possible has been achieved! pic.twitter.com/q5MgVe97X1

— Silke Noa (@silkenoa) June 25, 2024

Innovative Fundraising Through NFTs

The funds were raised through novel means, including the sale of a unique NFT created in collaboration with Assange, signifying a pioneering moment in using digital assets for legal defense. The proceeds were managed by the Wau Holland Foundation and used to cover escalating legal costs. 

This method of fundraising showcased the potential of blockchain technology to mobilize support for legal defenses in complex international cases.

Continued Advocacy and Future Plans

The initiative not only highlights the power of community-driven financial efforts but also sets a precedent for future legal defense funds. As Assange’s situation continues to unfold, the demand for financial clarity grows, ensuring that funds are used effectively and in line with donor intentions. 

The community awaits the foundation’s detailed report, hoping it will clarify the expenditures and reinforce trust among supporters.

Also Read: Julian Assange Released After His Plea Deal With U.S.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Kelvin is former crypto journalist at The Crypto Times
By Kelvin Munene
Kelvin Munene is a seasoned crypto journalist who excels in news writing, analysis, trading, editorial services, and market research. With over 5 years of working with major publications in different roles, Kelvin has earned extensive experience in the Crypto space. A passionate blockchain enthusiast, Kelvin balances his extensive research with family time and football.

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