To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.
Rationale:
The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.
Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.
To ensure responsible management, these remaining funds (400 KSM) should be safeguarded under Kusama governance.
Next Steps:
The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.
&nbsp;
We urge the community to support this measure to protect DAO resources.
&nbsp;
Evidence: Rug on virtuals <img src="https://i.ibb.co/ksV69hZw/image.png" alt="image.png" width="397" height="352" />
 <img src="https://i.ibb.co/d07KbCzS/image.png" alt="image.png" width="434" height="546" />
&nbsp;
Polkadot treasury rugs <img src="https://i.ibb.co/gF6yFp85/image.png" alt="image.png" width="370" height="434" />
&nbsp;
Youdle DAO rug
Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers.&nbsp;
<img src="https://i.ibb.co/q3PybP6K/image.png" alt="image.png" width="394" height="321" /><img src="https://i.ibb.co/sJHcg9gj/image.png" alt="image.png" width="438" height="56" />
<img src="https://i.ibb.co/rY3JSbx/image.png" alt="image.png" width="482" height="50" />
Pink rug Pink distributed by the pink team to invarch was supposed to get distributed to the community <img src="https://i.ibb.co/HLqzpKdz/image.png" alt="image.png" width="338" height="302" />
but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet
<img src="https://i.ibb.co/HfgvmkFQ/image.png" alt="image.png" /> <img src="https://i.ibb.co/Tx54NZdx/image.png" alt="image.png" width="551" height="66" />
Then went to hydration and got sold. VARCH rug
$VARCH token launched less than 30 days ago. ICO investors are down -96% <img src="https://i.ibb.co/fdtT68tX/image.png" alt="image.png" width="415" height="200" /> 
KSM partial rug 
Not fully delivered.&nbsp; 
<img src="https://i.ibb.co/n8b29qmz/image.png" alt="image.png" width="397" height="322" />
Tinkernet rug Tinkernet (kusama parachain) was shutdown. Investors were given 4 VARCH for 1 TINKER. VARCH was later a rug so this converts Tinkernet in a rug. Before shuting down they made an LBP in Osmosis (Cosmos) which also was a rug.&nbsp;

To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.

Rationale:

The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.

Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.

To ensure responsible management, these remaining funds (400 KSM) should be safeguarded under Kusama governance.

**Next Steps:**

The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.

We urge the community to support this measure to protect DAO resources.

Evidence:  
  
Rug on virtuals  
  
![image.png](https://i.ibb.co/ksV69hZw/image.png)

  
![image.png](https://i.ibb.co/d07KbCzS/image.png)

Polkadot treasury rugs  
  
![image.png](https://i.ibb.co/gF6yFp85/image.png)

Youdle DAO rug

Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers. 

![image.png](https://i.ibb.co/q3PybP6K/image.png)![image.png](https://i.ibb.co/sJHcg9gj/image.png)

![image.png](https://i.ibb.co/rY3JSbx/image.png)

Pink rug  
  
Pink distributed by the pink team to invarch was supposed to get distributed to the community  
  
![image.png](https://i.ibb.co/HLqzpKdz/image.png)

but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet

![image.png](https://i.ibb.co/HfgvmkFQ/image.png)  
  
![image.png](https://i.ibb.co/Tx54NZdx/image.png)

Then went to hydration and got sold.  
  
VARCH rug

$VARCH token launched less than 30 days ago. ICO investors are down -96%  
![image.png](https://i.ibb.co/fdtT68tX/image.png)  
  
  

KSM partial rug  
  

Not fully delivered.   
  

![image.png](https://i.ibb.co/n8b29qmz/image.png)

Tinkernet rug  
  
Tinkernet (kusama parachain) was shutdown. Investors were given 4 VARCH for 1 TINKER. VARCH was later a rug so this converts Tinkernet in a rug. Before shuting down they made an LBP in Osmosis (Cosmos) which also was a rug.

Exactly as `transfer_allow_death`, except the origin must be root and the source account
may be specified.

- **Problem Statement:** Prevent potential mismanagement of Youdle DAO treasury funds by transferring them to the Kusama Treasury.
- **Significance:** Invarch team's questionable financial decisions and lack of transparency raise concerns about fund management.
- **Proposed Solution:** Temporarily transfer remaining funds (400 KSM) to Kusama Treasury for safeguarding.
- **Expected Outcomes:** Funds will be returned to Youdle DAO holders transparently and verifiably.

#510 Secure Funds

No Active Proposals