• Written by: (Blockchain News
  • Wed, 29 Mar 2023
  •   Hong Kong

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law. (Read More)

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members