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Ooki DAO misses lawsuit response deadline, default judgment on the cards Cointelegraph via biedex.markets

What remains in the NFT market now that the dust has settled? By Cointelegraph


The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit.

According to a Jan. 11 court filing, the regulator has requested the court for an “entry of default” against the decentralized autonomous organization (DAO), stating it had missed the deadline to “answer or otherwise defend” as instructed by the summons.

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Written by Sandy Sullivan