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bZeroX
The Liability of DAOs and Their Founders Has Been Put to the Test in Court
Decentralized autonomous organizations (DAO) are beginning to look like general partnerships in the eyes of U.S. courts.
Video
CFTC Fines Blockchain Protocol bZeroX $250K, Files Civil Action Against Successor DAO
The Commodity Futures Trading Commission (CFTC) has penalized blockchain software protocol bZeroX and its founders $250,000 for offering illegal, off-exchange trading of digital assets. The CFTC has simultaneously filed a civil enforcement action charging Ooki DAO, the successor to bZeroX. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the charges against bZeroX.
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