The AssangeDAO has raised $38 million to assist in the release of WikiLeaks founder Julian Assange

Over the weekend, donations to assist Julian Assange’s quest for freedom poured in.

A decentralised autonomous organisation (DAO) set up to promote WikiLeaks founder Julian Assange’s release from prison has raised 12,569 ETH, or roughly $38.8 million at current exchange rates.

Following a court judgement in December that overturned a British court ruling preventing extradition, Assange is currently seeking extradition to the United States. He has been imprisoned in a London prison since January of this year.

According to JuiceBox, the community financing site that is hosting the campaign, donations began to pour in on February 4th. Over the weekend, funding increased dramatically, more than doubling in the last 24 hours to reach the present amount.

It is currently the largest JuiceBox Ethereum raise in history, according to the AssangeDAO Twitter feed, surpassing that of ConstitutionDAO, which raised cash in November to purchase an authentic copy of the United States Constitution.

The comparison was made in terms of ETH, which was substantially more expensive in November. The amount raised by ConstitutionDAO was roughly $49 million at the time.

AssangeDAO is a “cypherpunk group” that wants to raise ETH in exchange for JUSTICE governance tokens. These will be used to bid on a “Censored” NFT collection created by digital artist Pak in partnership with Julian Assange.

The sale revenues will go to Assange’s defence fund, which will be used for “legal fees and lobbying to raise awareness about Julian’s extradition case.”

AssangeDAO was born in a Telegram channel in mid-December, the day after the US administration won an appeal of a UK court judgement barring Assange’s extradition. “If extradited to the United States, Assange faces 175 years in prison for releasing true information,” according to the official website.

The FreeRossDAO, which raised $12 million to liberate Ross Ulbricht, the founder of the dark web marketplace Silk Road, was the inspiration for the idea.

Julian Assange has been detained in London’s Belmarsh jail for the past three years. He had previously been holed up at the Ecuadorian Embassy in London for nearly seven years, shielded by asylum status.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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