Kujira: A DAO will be established to manage the treasury and core protocols

The Kujira team posted on the X platform that it had decided to use part of its operating funds for the liquidity and promotion of activities in the ecosystem, a decision that was considered reasonable at the time. However, subsequent incidents such as security vulnerabilities and social engineering attacks led to market instability. The team said it took full responsibility for the current situation and sincerely apologized for the impact on prices, and reiterated that there were still 14 million KUJIs in the foundation's treasury that were safe and sound, and that the statement that the entire treasury was at risk was inaccurate. In order to enhance transparency and accountability mechanisms, Kujira will establish an operating DAO (Kujira Operational DAO) to manage the treasury and core protocols. The DAO's first priority is to safely reduce debt, and plans to provide discounted KUJI to the community through Fuzion's bond products, and set up multiple maturity and vesting plans to reduce the impact on long-term prices.