I like the spirit of this. But I don’t think it’s the DAO’s responsibility. I do think the DAO should consider funding legal action, however.
Again, in. my opinion, this should not be put on the DAO. When you move tokens to just about any major DEX you don’t have a non-custodial option. I was very concerned about this when I first looked at staking. Because there wasn’t a non-custodial option, I learned how to set up and manage nodes myself. I feel like this was an option everyone had.
It’s incumbent on us as individuals (investors/speculators/opportunity seekers/whatever) to educate ourselves on the risks associated with this stuff. I think the DAO bailing everyone out would be more harmful in the long run. Setting the expectation that bailouts will be there causes people to drop their guard and take unnecessary risks. I’m very sympathetic to all those who might have lost their investment forever. I’ve been there - I lost a lot - and it sucked big time. But because of it, I’m way more cautious now.
All this said I’m 100% behind the DAO funding legal action against Nodes4All. Bad actors doing what Nodes4All did harms the Pocket brand and that is the bigger issue from my perspective.
There are multiple community members who could assist in finding a killer attorney to go after the key players behind Nodes4All. So someone motivated should create a DAO proposal to provide funds for legal costs. Work it out with the attorney so that they get a much bigger payout when the tokens are recovered. The individuals behind this are in the US I believe. I also suspect they wouldn’t be hard to track down and that they probably have enough personal assets to convince a good legal team that this is a case worth taking on. Get creative so the legal team is highly incentivized to recover the funds and/or get a criminal indictment. Maybe all the recovered tokens are staked and the attorney gets 50% of the rewards for the next x years or a big POKT bonus. A legal win would go a long way to making future scammers think twice while letting the community know that the DAO takes this kind of thing seriously.
I would vote in favor of a proposal to back something like that.