Ooki DAO missed the deadline to respond to the lawsuit, and the CFTC is requesting the court to issue a default judgment in the case

ChainCatcher news, court documents show that the Commodity Futures Trading Commission (CFTC) has begun to seek a default judgment from the court regarding its case against Ooki DAO after Ooki DAO missed the deadline to respond to the lawsuit.

The CFTC has requested the court to enter a "default record" against Ooki DAO, stating that it missed the deadline to "answer or otherwise defend" as indicated in the summons. If approved, the default record will indicate that Ooki DAO has failed to defend itself in court and will no longer be able to answer or respond to the lawsuit. A "default record" is the first step toward obtaining a default judgment, which is a ruling made by the court when the defendant fails to defend against the lawsuit.

In September last year, the CFTC sued Ooki (formerly bZx) for using a DAO structure to evade regulation and imposed a $250,000 fine. In December, a U.S. judge ordered the CFTC to sue the two original founders of Ooki DAO. (source link)