币界网报道：A blockchain alliance has denied allegations of embezzling $23 million in funds, calling the claims "baseless and defamatory." The group stated that all financial transactions were properly documented and conducted transparently, with funds being used strictly for their intended purposes of ecosystem development and community initiatives. Representatives emphasized their commitment to accountability, pointing to regular audits and public financial reports as evidence of proper fund management. The alliance acknowledged receiving inquiries about certain transactions but maintained these were standard operational expenditures approved through proper governance channels. They've threatened legal action against parties spreading what they describe as misinformation, while inviting independent third-party reviews to verify their financial practices. The statement comes amid growing scrutiny of DAO treasuries and decentralized organization spending across the Web3 space.