A U.S. District Choose has entered a default judgment order that requires Decentralized Group Ooki DAO to completely shut down and pay a civil financial penalty of $643,542.

The Commodity Futures Buying and selling Fee initially filed a lawsuit towards Ooki DAO in September 2022, accusing the DAO of illegally providing retail margin and leverage buying and selling companies, and “unlawfully performing” as a futures fee service provider.