Recently, the BlockDAG project sparked a community controversy over the public disclosure of the treasury wallet.

The cause of the issue is quite simple: community members demanded that the project team publicly disclose the treasury wallet address in real-time, hoping to verify fund usage through on-chain data. This request itself isn’t unreasonable—after all, transparency of funds is a core concern for many investors.

However, the project team’s response triggered even greater controversy. In their statement, they labeled these concerns as a "farce" and explicitly refused to disclose the treasury address in real-time. What’s their reasoning? They argue that public disclosure would increase the risk of hacking and market manipulation. This logic doesn’t sound entirely unreasonable—there are indeed risk management considerations.

Interestingly, the team also cited the views of Michael Saylor (MicroStrategy CEO) to support their stance. They also promised to engage a Big-4 level auditing firm within 4 to 8 weeks for a comprehensive review, ultimately aiming to achieve transparency.

But the latter part of the statement complicated matters. The project team accused certain "self-proclaimed community leaders" of not only creating negative public opinion but also harassing team members—including personal attacks against their families. The team stated that this has crossed legal boundaries and may lead to legal action.

The current question is: Is this a legitimate risk mitigation measure, or is it just an excuse to delay transparency commitments under the guise of security concerns? Fund security indeed needs protection, but an absolute information black box could cause even greater damage to investor confidence.

Another perspective worth considering is community governance itself. If questioning the project team results in being labeled as "self-proclaimed leaders" and "FUD-mongers," does this reaction deepen the trust crisis?

Regardless of which side you’re on, waiting for that Big-4 audit report seems to be the key. When that happens, the data will speak for itself. What’s your take on this matter?