A US judge ruled in favor of the CFTC after Ooki DAO failed to respond to an enforcement action, setting a precedent that DAOs are liable for legal violations
- The Commodity Futures Trading Commission won a default judgement against Ooki DAO after the group failed to respond.
A federal court rules that the CFTC appropriately served Ooki DAO through a website help bot and forum post, in a lawsuit over violating federal trading laws
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC's case against Ooki DAO.
CFTC fines blockchain protocol bZeroX and its team $250K for illegal off-exchange digital asset trading and files a civil action against its successor, Ooki DAO
This is a very broad theory of liability ("joint and several") and confirms what crypto lawyers have suspected — https://www.cftc.gov/... Let's untangle things: 🪡 https://twitter.com/... Ryan Selkis /...
CFTC fines blockchain protocol bZeroX and its team $250K for illegal off-exchange digital asset trading and files a civil action against its successor, Ooki DAO
The commission said bZeroX offered illegal, off-exchange trading of digital assets, and has also filed a civil action against the Ooki Dao.