Mantra DAO had many red flags: In 2020, RioDeFi created Mantra DAO, hiring two employees to run daily ops. Things were smooth until financial reports stopped coming in after Jan 2021. The drama ended with a lawsuit in Hong Kong. RioDeFi claims employees went rogue, treating MANTRA DAO like their own while misappropriating funds. The employees argued that Mantra DAO can't be "owned" by anyone. Their take is that "it's a DAO"- the OM token holders are the real owners, making decisions through smart contracts. The Hong Kong Court ordered the disclosure of financial reports but didn’t rule on who actually owns the DAO. Another red flag was when they shilled OM airdrop to pudgy penguins and then suddenly "delayed it" for a year or so.