In a first-of-its-kind legal ruling, a U.S. court has entered a default judgment against Bancor DAO after the decentralized organization failed to respond to a lawsuit involving frozen user assets. The case opens the door to a novel legal question: Can DAOs—unincorporated and anonymous—be held liable under traditional legal frameworks? The lawsuit was brought […]
https://i0.wp.com/bldf.org/wp-content/uploads/2025/04/Untitled-design13.png?fit=950%2C550&ssl=1550950adminhttps://bldf.org/wp-content/uploads/2023/02/Blockchain-Legal-Defense-Fund_D00A_00A-300x119.jpgadmin2025-05-09 09:24:142025-05-09 12:41:31Bancor DAO Default Raises Legal Red Flags
Japan’s Financial Services Agency (FSA) has announced a bold proposal to redefine cryptocurrencies as regulated financial products rather than mere payment methods. The change, expected to take effect by 2026, would expand government oversight, close insider trading loopholes, and impose stricter compliance standards on exchanges and token issuers. Currently, Japan treats crypto primarily as a […]
https://i0.wp.com/bldf.org/wp-content/uploads/2025/04/Untitled-design12.png?fit=950%2C550&ssl=1550950adminhttps://bldf.org/wp-content/uploads/2023/02/Blockchain-Legal-Defense-Fund_D00A_00A-300x119.jpgadmin2025-05-08 12:20:542025-05-08 17:59:43Japan to Redefine Crypto as Financial Product
Do Hyeong “Do” Kwon, the co-founder of Terraform Labs, has officially pleaded not guilty to U.S. fraud charges about the $40 billion collapse of the TerraUSD (UST) and Luna tokens. Extradited from Montenegro earlier this year, Kwon was arraigned in federal court in New York, setting the stage for one of the most consequential crypto […]
Bancor DAO Default Raises Legal Red Flags
In a first-of-its-kind legal ruling, a U.S. court has entered a default judgment against Bancor DAO after the decentralized organization failed to respond to a lawsuit involving frozen user assets. The case opens the door to a novel legal question: Can DAOs—unincorporated and anonymous—be held liable under traditional legal frameworks? The lawsuit was brought […]
Japan to Redefine Crypto as Financial Product
Japan’s Financial Services Agency (FSA) has announced a bold proposal to redefine cryptocurrencies as regulated financial products rather than mere payment methods. The change, expected to take effect by 2026, would expand government oversight, close insider trading loopholes, and impose stricter compliance standards on exchanges and token issuers. Currently, Japan treats crypto primarily as a […]
Do Kwon Pleads Not Guilty
Do Hyeong “Do” Kwon, the co-founder of Terraform Labs, has officially pleaded not guilty to U.S. fraud charges about the $40 billion collapse of the TerraUSD (UST) and Luna tokens. Extradited from Montenegro earlier this year, Kwon was arraigned in federal court in New York, setting the stage for one of the most consequential crypto […]