Tag: Ooki
Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC
A U.S. District Judge has entered a default judgment order that requires Decentralized Organization Ooki DAO to permanently shut down and pay a civil [...]
CFTC Wins Lawsuit Against Crypto Derivatives Operator Ooki DAO
A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) [...]
CFTC Calls for Default Judgement Against Ooki DAO in Ongoing Lawsuit
"On December 20, 2022, the Court deemed service on the Ooki DAO of the Complaint and Summons in this action complete as of that date," the filing said [...]
Ooki DAO misses lawsuit response deadline, default judgment on the cards
The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter miss [...]
BZeroX Founders Are No Longer Part of Ooki DAO, Lawyer Says
"In particular, as you no doubt recall, the settlement between our clients states (at page 14, Section 3(3)f): 'Respondents shall cease all participat [...]
Judge orders CFTC to serve Ooki DAO founders with lawsuit
A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Oo [...]
US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
"At the hearing, the CFTC asserted it knew that some of Ooki DAO’s Token Holders reside and conduct business in the United States because the two foun [...]
CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim
“The CFTC relies upon a razor thin metaphysical distinction between the Ooki DAO and Ooki Protocol. According to the CFTC, the Ooki Protocol is softwa [...]
CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit
"The CFTC is not suing technology, as Amici claim: The CFTC’s action is not against the blockchain-based Ooki Protocol, but against the Ooki DAO — an [...]
Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC
Andreessen Horowitz joins a growing list of entities looking to argue in favor of the commodities regulator serving its lawsuit against individual mem [...]
How Crypto Advocates Are Defending Ooki DAO
The Commodity Futures Trading Commission (CFTC) had what looked like an easy case against Ooki DAO. The allegations weren’t really in dispute and the [...]
DAOs Aren’t People, Crypto Lawyers Tell Court in CFTC’s Ooki Case
Still, it's how the CFTC has brought these charges that has attorneys in the crypto industry sounding alarm bells. The agency sought court permission [...]
Crypto Venture Capital Fund Paradigm Also Wants CFTC to Serve Ooki DAO’s Members
While the crypto industry has not tried to defend against the actual allegations – that the DAO, alongside its predecessor company, bZeroX, offered un [...]
The CFTC’s Ooki Dao action is a bad omen for American crypto developers
Considerable anxiety exists in the world of Web3 related to regulation and the legal status of cryptocurrency projects. It’s particularly apparent in [...]
US Judge Allows Crypto Advocates to Join Ooki Defense Against CFTC
The CFTC sued Ooki DAO last month, alleging the collective group offered illegal leveraged and margin trading products, as had its predecessor company [...]