Squirrel accuses developers of putting pressure on DAOs, triggering governance crisis

Songshu, former head of the Swarms AI Foundation, denied allegations of market manipulation, claiming that he transferred funds to stabilize the project when the project's market value fell to $30 million. He reported $2-3 million in personal losses and accused developer Kye of putting pressure on the SSI Fun team to charge a 10% fee, highlighting the internal dispute. The controversy has raised questions about the transparency of DAO governance and has sparked speculation about potential stock price gouging behavior. Meanwhile, Swarm Network has raised $13 million through NFT licenses and strategic investments, indicating the growing appeal of decentralized AI verification, with more than 3 million posts currently verified by 128,000 users.