As Zhao attempts to clarify her past actions and emphasize her commitment to transparency and accountability in future endeavors, the crypto community remains divided.
Pseudonymous on-chain investigator ZachXBT has questioned Irene Zhao, the mastermind behind the SO-COL platform and a crypto X influencer’s accountability, and the steps she plans to take to make amends to those affected by these projects.
This comes in response to a detailed statement by Zhao addressing multiple allegations regarding her involvement in several cryptocurrency projects. In the statement, Zhao discussed IreneDAO, a project that according to her started as a fun experiment in January 2022 with minimal expectations.
The project unexpectedly gained traction, with millions in trading volume within a week. Zhao ensured transparency, as the treasury was managed by a multi-signature wallet, preventing personal control or profit.
