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Judge says token holders could be liable for DAO hacks

A California judge has ruled that DAO token holders may be liable for the actions of the DAO as part of a general partnership.

The story of Ryan Breslow and his crypto catastrophes •

Ryan Breslow reportedly gave his $16 million DAO to a convicted fraudster, and his cryptocurrency yield company misrepresented its partners.

The CFTC wants a judge to rule in its favor after Ooki DAO failed to respond to a lawsuit alleging that it broke federal commodities laws.

The CFTC says Ooki DAO offered illegal commodity transactions and engaged in activities that require it to register with the regulator.

Ethereum creator Vitalik Buterin outlined why, when it comes to governance, DAOs should resist the urge to copy traditional corporations.