Nouns DAO invested $150,000 in a baked bean project that never started, and the whereabouts of the funds are unknown

CoinRank News: Three years ago, the Nouns community approved a proposal to invest 135 ETH (about $150,000 at the time) in a project called MOOØNBEANS, which plans to produce and sell high-end baked beans with a recipe provided by Sublime Butter, a UK-based artisanal butter company. However, three years later, the project has not produced any canned baked beans, and it is unknown where Noun DAOs $150,000 investment ultimately went. Tony Ho, a director of Sublime Butter, said the funds were never used in the company, and that the company had removed founder Chris Mair as a director in July 2023 and accused him of fraudulently using the brand to raise investments. (The Block)