Compound Foundation accused of misusing 8.42M DAI reserves to buy COMP for governance control

A Compound community member accused the Compound Foundation of using 8.42 million DAI from DAO reserves to buy COMP tokens, allegedly to influence governance votes. The funds were supposed to be managed for protocol operations only and not for speculative trading or the foundation's own use. The COMP tokens were reportedly used to pass proposals transferring DAO funds to TMC and approving a $52 million plan benefiting the foundation. The Foundation has not yet responded publicly to these allegations as of September 28.

The news about the Compound Foundation's use of DAO reserves comes as COMP trades at Rp412.843 on Pluang. The token is down 6.74% in the last day, with a market cap of Rp4,15 trillion. These figures are current as of Sep 28, 2026 17:21 WIB.