Cosmo Jiang(@cosmo_jiang):Shareholders should, and are, speaking up. Hard to disagree with anything @BastionTrading and other shareholders are saying in public DATs are due for a rationalization. This is HEALTHY and GOOD for the industry and for the remaining DATs that are trying to do the right thing

2026.10.01 01:01

Shareholders should, and are, speaking up. Hard to disagree with anything @BastionTrading and other shareholders are saying in public DATs are due for a rationalization. This is HEALTHY and GOOD for the industry and for the remaining DATs that are trying to do the right thing

Wu Blockchain@WuBlockchain

2026.09.30 13:31

Bastion Trading is urging Solana treasury company SkyAI to overhaul its board, raising concerns over shareholder interests. According to Bastion, SkyAI paid $5 million in consulting fees in H1 2026 to a related party controlled by the brother of its director and CIO—equivalent to roughly 92% of its staking revenue. At the September 18 annual meeting, all five incumbent directors received more withheld votes than votes in favor, while approximately 82% of votes opposed the equity incentive plan. Bastion and its affiliates, which hold about 9.99% of SkyAI, are calling for meaningful engagement and new directors, and are prepared to pursue legal action if the board fails to respond.