Ooki DAO Hit with $643,542 Civil Penalty as Court Orders Shutdown
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- CFTC secures a victory in the Ooki DAO litigation.
- The court imposed a $643k penalty and ordered the closure of the illegal platform.
- CFTC says the ruling is a wake-up call to those seeking to evade legal accountability.
In a groundbreaking ruling, the Commodity Futures Trading Commission (CFTC) has emerged triumphant in the Ooki DAO litigation. The U.S. District Judge William Orrick issued a default judgment order on Friday, dealing a heavy blow to the decentralized autonomous organization (DAO).
The court has mandated Ooki DAO to pay a substantial civil monetary penalty of $643,542, imposed permanent trading and registration bans, and commanded the shutdown of Ooki DAO’s website while eradicating its online presence.
The CFTC had charged Ooki DAO with operating an illegal trading platform and engaging in activities that violated the Commodity Exchange Act by unlawfully acting as a futures commission merchant (FCM).
The court’s precedent-setting decision crucially …
The post Ooki DAO Hit with $643,542 Civil Penalty as Court Orders Shutdown appeared first on Coin Edition.
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すべての暗号通貨、NFT、DeFiを1か所から管理開始に使用しているポートフォリオを安全に接続します。
