ENS Labs has been approved by the DAO to pay Manifold $300,000 in settlement to end the eth.link domain lawsuit

ChainCatcher news, after a year and a half, Ethereum domain service ENS Labs recently received approval from its DAO to pay Manifold Finance a settlement of $300,000, as well as $750,000 in legal fees, to end the dispute over the domain eth.link. ENS Labs will retain ownership of eth.link.

It is reported that the dispute over the domain eth.link began in the summer of 2022, when the eth.link domain was about to expire, but its owner Virgil Griffith was sentenced to prison. Subsequently, the domain registration platform GoDaddy allowed the domain to expire. The cryptocurrency platform Manifold Finance "sniped" eth.link on the auction site Dynadot on September 3, 2022, meaning that ENS no longer owned the domain.

ENS Labs then applied for a restraining order against the transfer of the domain in the U.S. District Court for Arizona, and after some time of back and forth, both parties entered into settlement discussions. Manifold requested a payment of $300,000, along with confidentiality and non-disparagement clauses, in order to dismiss the case and allow ENS Labs to retain ownership of eth.link.