HashConfucius and Karl wrote a lengthy letter, available at this link. Essentially, they are reverting to their usual tactics concerning their financial fraud issues.
They obscure the actual situation, focus on recent highlights, and offer what appears to be a sincere but essentially uninformative clarification.
HashConfucius and Karl claim that 20% of the funds were allocated for open competition (similar to a prop house) while the remainder was used for personal sponsorship of the animator Yubo. However, Yubo was first mentioned by Nounscn on December 28, 2023, four months after the conclusion of Proposal 211 and during the intensive usage of the Grant in May and June 2023.
A significant time had elapsed since the announcement of the conclusion of Proposal 211, and in November, a new Proposal 408 was submitted, requesting additional funds. Up until the posting of this message, they continue to use new things to deflect attention from the old financial fraud issues.
HashConfucius and Karl have been deliberately ambiguous in their budget allocation strategy. For instance, Proposal 211 pertains to video production and involves Content & Media Production, NounsCN Grant, and Team Remuneration.
Their approach is to maintain sincerity in attitude while being vague about the facts.
Financial fraud, Concealing data, Deceiving nounsdao trust. This allows them to apply for larger-scale funding (Proposal 408,430).