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Swarms official Twitter: SongShu is manipulating the market and deceiving investors.
According to Wu, the official Twitter account of the AI project Swarms accused SongShu, a DAO member who once led the Swarms AI Foundation, of manipulating the market and deceiving investors. It claimed that he removed other DAO members from chat groups and controlled a launcher called ssi fun to defraud investors; while Swarms provided resources for the ssi launch, it now refuses to provide compensation. SongShu stated that he transferred funds to the foundation account when Swarms' market capitalization fell to 30 million dollars; and that Swarms developer kye had threatened the ssi fun team to charge a 10% fee. In addition, SongShu claimed that he personally invested about 2-3 million dollars in Swarms, and is currently still in a state of loss.