In the first instance, the Commodity Futures Trading Commission (CFTC) sued the decentralized autonomous organization, including the holders of governance tokens. From the report: Late Thursday, the CFTC announced a $250,000 fine and settlement with bZeroX, LLC and its founders, Kyle Kistner and Tom Bean. Both have overseen the development of the bZx protocol, a decentralized lending protocol, and other activities. The bZx protocol grabbed headlines in 2020 after being hit by code exploits that resulted in the loss of hundreds of thousands of dollars in crypto. But today’s actions by the CFTC, including filing a lawsuit against Ooki DAO, which in 2021 was used to manage the protocol as part of decentralization efforts, could have a broader impact.
CFTC files suit against decentralized autonomous entity
