Community member discloses Compound Foundation misappropriation of v2 DAI reserves.

BlockBeats news, September 28: Compound community member ugurmersin disclosed that "the Compound Foundation misappropriated v2 DAI reserves." ugurmersin claimed that in February of this year, Proposal 536 placed approximately 8.42 million DAI under the Foundation's custody, with the stipulation that it be used solely for protocol operations, not for speculative trading, that the funds still belong to the DAO, and that they must not be used for the Foundation's own expenses.

On-chain records show that the funds were transferred to a trading platform and exchanged for approximately 344,800 COMP, which was then delegated to the Foundation's voting address about 58 minutes before the deadlines of Proposals 580 and 582. ugurmersin alleged that based on this, it pushed for nearly all DAO funds to be transferred to TMC and passed an approximately $52 million V4 plan favorable to itself; during this period, multiple parties still publicly referred to the funds as "liquidity DAI." The Compound Foundation has not yet responded.