Ooki DAO had been charged with violating federal commodities law. Sued by CFTC last year on two accounts, DAO failed to respond on January 10, 2023. The case has been running since last year. There ...
Tag: Ooki
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 decentralized autonomous organization (DAO) missed the deadli...
Ooki DAO ghosting CFTC lawsuit could see it lose the case
The Commodity Futures Trading Commission (CFTC) has requested that a federal judge impose a default judgement against Ooki DAO after it failed to respond to a lawsuit that alleged it violated federal ...
Ooki DAO fails to meet lawsuit response deadline… What now?
The CFTC is seeking a default judgment in its lawsuit against Ooki DAO. The calls for the default judgment came after the DAO missed the deadline to respond to the lawsuit. The U.S. Commodities and F...
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 participation in the governance, operation, or a...
Judge orders CFTC to sue Ooki DAO founders
A United States federal judge has mandated the Commodities Futures Trading Commission (CFTC) to file a suit against the two founders of the bZeroX’s crypto project as part of an ongoing lawsuit agains...
Federal judge orders CFTC to serve Ooki DAO founders
A federal judge ordered the Commodities Future Trading Commission (CFTC) to serve the decentralized trading platform bZeroX’s founders Tom Bean and Kyle Kistner as part of an ongoing lawsuit aga...
Judge Directs CFTC To Sue Ooki DAO Creators
An early complaint was served on the DAO using a support chat box; however, a federal court later ruled that the regulator “shall serve at least one identified Token Holder.” A lawsuit aga...
Courts orders the CFTC to serve lawsuit to Ooki DAO’s original founders
U.S. District Judge William Orrick has ordered the Commodity Futures Trading Commission (CFTC) to serve its Ooki DAO lawsuit to Tom Bean and Kyle Kistner, who were the original founders of the defunct...
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 Ooki decentralized autonomous organization (DAO). On...
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 founders of Ooki DAO’s predecessor entity, bZero...
CFTC and crypto lawyers duke it out over service in Ooki DAO case
How do you sue a DAO? The question has been at the heart of the case the Commodity Futures Trading Commission is bringing against Ooki DAO, a decentralized autonomous organization that the agency alle...
CFTC reportedly blew off legal requirement when serving Ooki DAO – crypto.news
The CFTC’s race to serve a lawsuit against Ooki DAO has sparked a backlash from crypto supporters. In their assessment, they claim the CFTC’s method of serving notice was illegal, claiming that member...
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 software. In contrast, (per the CFTC) the Ooki DAO is ‘a...
Ooki DAO Lawsuit update: CFTC hits back after 4 amicus briefs were filed in support of Ooki
4 amicus curiae briefs were filed in support of Ooki DAO. Earlier, Ooki acknowledged the alternative service lawsuit on Twitter. CFTC V Ooki DAO might just be a landmark case like SEC V Ripple labs. T...
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 association that acts and makes collective d...
Paradigm Rushes to Defend Ooki DAO in Landmark CFTC Lawsuit
Web3 venture capital firm Paradigm has waded into the increasingly choppy waters of the Commodities and Futures Trading Commission’s (CFTC) unprecedented attempt to sue a DAO in federal court. Late M...
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 decentralized autonomous organization itself didn’...
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 to serve the entire DAO at once by posting t...
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, with its predecessor company, bZeroX, offered unregistered products to U.S. customers – it has collecti...
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 the United States, where the Commodity Futures Tra...
US Judge Allows Crypto Advocates to Join Ooki Defense Against CFTC
U.S. District Judge William Orrick, of the Northern District of California, ordered that LeXpunK Army, a group of lawyers and software developers, and the DeFi Education Fund (DEF), a lobbyist group, ...
Ooki DAO Case So ‘Egregious,’ CFTC Had No Choice, Chair Behnam Says
Behnam has been pursuing a much longer reach for his agency when it comes to crypto, asking Congress to give it power to oversee the spot market for digital commodity tokens. That’s a favored idea in ...
Binance removes 5 HNT, OOKI trading pairs, adds 18 new ones
Exchange giant Binance announced that it will remove HNT/BUSD and HNT/USDT cross & isolated margin pairs and HNT/BTC, HNT/USDT, and OOKI/BNB spot pairs next week. The cross & isolated pairs HN...
CFTC can issue summons through Ooki DAO’s help chat box, says judge
The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal...
CFTC Legally Served Ooki DAO via Website Help Bot, Court Rules
The DAO is embroiled with the CFTC for allegedly operating a crypto derivatives platform outside of the law Ooki DAO is the successor to bZeroX, which has already settled similar charges with the CFTC...
Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support
Ooki DAO, the Decentralized Autonomous Organization, was sued by the United States Commodity Futures Trading Commission (CFTC) as the regulator accused its voting members of violating the Commodity an...
Ooki DAO moves to raise funds to defend against CFTC lawsuit
Ooki DAO community members have commenced discussions to explore possible fundraising options to defend their case against the CFTC. The Commodity Futures Trading Commission (CFTC) had on Sept. 27 fil...
The CFTC Served Ooki DAO Papers by Posting Them in an Online Discussion Forum
The lawsuit, announced last week, is the first to be brought against members of a DAO by the CFTC, and could have wide-ranging consequences for DAO regulation in the future. Charges were also filed an...
Interpreting the CFTC’s Lawsuit Against Ooki DAO
“A key bZeroX objective in transferring control of the bZx Protocol (now the Ooki Protocol) to the bZx DAO (now the Ooki DAO) was to attempt to render the bZx DAO, by its decentralized nature, enforce...
CFTC serves Ooki DAO members lawsuit via governance discussion forum
The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a Sept. 27 court filing. According to the filin...