Ken Griffin is the chief executive of multinational hedge fund Citadel, LLC. He's also the new owner of a rare copy of the U.S. Constitution that went under auction last week. With a bid of $43.2 million, the billionaire beat out a group of crypto investors. The decentralized autonomous organization called ConstitutionDAO raised more than $40 million for their cause but fell short, doomed by gas fees. So what happens next to those who invested in this DAO?
An unprecedented crowd-funded attempt to buy an extremely rare copy of the U.S. Constitution fell just short Thursday night, when a group of more than 17,000 people who had pooled their money were outbid in an auction for the historical document. The Constitution sold for $43.2 million, setting a …
The Citadel CEO, who is also an art collector, plans to loan the document to the Crystal Bridges Museum of American Art in Bentonville, Ark. Hedge fund billionaire and GOP megadonor Ken Griffin secured a copy of the U.S. Constitution this week with a $43.2 million auction bid that beat out thousands …
The community of crypto investors who tried and failed to buy a copy of the U.S. Constitution last week has descended into chaos as people are realizing today that roughly half of the donors will have the majority of their investment wiped out by cryptocurrency fees. Meanwhile, disagreements have …
Complaints about the high cost of transactions on the Ethereum blockchain are nothing new, but now those “gas” fees are being blamed for the failure …
The 17,000+ cryptocurrency enthusiasts who collectively funded a losing $40 million bid to purchase a copy of the U.S. Constitution last week face a …
It's promising refunds while launching a new governance token, because...? Last week, ConstitutionDAO, the DAO that crowdsourced over $47 million to …
What happens to $PEOPLE? Who got the doc? Where does ConstitutionDAO’s money go now? And what’s next? As the dust settles on one of the most ambitious …
One of the only 12 first-edition prints of the U.S. Constitution is set to go up for auction on Thursday and is estimated to be worth between $15 million to $20 million. A decentralized organization called ConstitutionDAO is actively raising funds to bid on the historic document, with at least $3 million raised so far. Should the DAO win the auction, each contributor would fractionally own part of the text and the document would be housed in a yet undetermined museum.
