DAO Maker allegedly tries to dodge hack repayment promises

In August 2021, DAO Maker (not to be confused with MakerDAO) was hacked for $7.38 million. The stolen funds were taken from users, rather than a project treasury, and 5,521 people lost an average of $1,250 each. DAO Maker promised to compensate impacted users with a mix of the USDC stablecoin and USDR: an IOU token that they promised users would be able to redeem a year later for 110% of its dollar value.

Now that year mark is approaching, and a report from Rekt alleges that DAO Maker is trying to wiggle out of their promises through a governance vote, which they've framed as trying to "prevent major $DAO DUMP from USDR distributions". Meanwhile, they've deleted the post that explained the original distribution plan.

Most members of the DAO today were not affected by the attack, and so stand to benefit from not honoring the payout. One voting option suggests that these users "had their chance" to cash out their USDR, apparently ignoring that people were holding out for the promised 110% redemption.

Some whistleblowers have also claimed that team members have recently moved large quantities of DAO tokens to various wallets to vote. Some have also claimed that those team members recommended buying USDR tokens several months ago for below $1.10, as a safe arbitrage opportunity when they became redeemable for that amount.