2/4
Dismissing the motion does not mean the court decided that owning the token makes you 100% liable – yet.
It just means they refused to take it off the table. Which is honestly surprising.
— Adam Cochran (adamscochran.eth) (@adamscochran) March 28, 2023
Yes this defines a DAO as a general partnership and makes everyone, including token holders jointly and severally liable for the what happened in the DAO. This is the main bad news. Random degens voting in a DAO can be considered liable for what a DAO does.
— drnick 🗳️² (@DrNickA) March 28, 2023
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- Source: https://decrypt.co/124963/daos-judge-ruling-bzx-case-trouble
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