The governance body of Ethereum (ETH)-based decentralized finance (DeFi) protocol BarnBridge has been investigated by the US Securities and Exchange Commission (SEC).
BarnBridge attorney Douglas Park 7 July The protocol’s governance body, in a statement published on BarnBridge DAO (decentralized autonomous organization) And connected by the SEC have been investigated reported.
The park is the SEC’s current closing of liquidity pools and in this context not opening new ones stated that he had requested it. In addition, conducted on related products suspension of all work and until further notice BarnBridge with attached any business person non payment was also among the demands of the SEC.
Lawyer, co-founders of the protocol Tyler Ward And of Troy Murray in the current situation, any won’t comment to DAO members conveyed. fully within the scope of the investigation. who entered in full, possibly for legal reasons. not disclosed.
According to DefiLlama data 570 million over the dollar locked asset (TVL) from the level 1.35 million up to the dollar level regressive relatively small DeFi actor SEC being on the radar of cryptocurrency users with surprise is welcomed.
Lawsuits against DAOs legal validity still crypto users And lawyers between moot point continues to be. in last March To Sushi DAO As a result of the lawsuit, some DAO members, any they did not receive summons the act of expressing legal aspect unauthorized implied it was.
Coinecko According to the data, with the announcement of Park 3.3 dollars BOND traded at losing nearly 10% $3.01 declined to its level. BOND, as of writing $3.02 traded at the level.