Select Page

The Commodities Future Trading Commission (CFTC) must serve its complaint to the Ooki decentralized autonomous organization’s two founders, according to a federal court. The DAO was first served a lawsuit through a support chat box, but a federal court ordered the regulator to “serve at least one identified Token Holder”. After discovering Bean and Kistner were Oki DAO token holders, Judge Orrick evaluated the CFTC’s litigation service. The CFTC and amicus brief filers appeared before the U.S. District Court for the Northern District of California on Dec. 7. “Illegally providing leveraged and margined retail commodities trades in digital assets” via bZeroX led to Bean and Kistner’s CFTC settlement. It sued Ooki DAO, claiming it used bZerox’s software after taking control. (Read More)