Investors' Lawsuit Against Compound DAO Shifts to Evidence Review Phase

Court: N.D. California Case: 22-CV-07781The lawsuit against Compound DAO is now in the discovery phase, as both sides examine the evidence.On May 11, 2021, Compound DAO and its partners sold unregistered COMP tokens to investors through the protocol and promoted sales on the secondary market to boost demand.Following this, dropped over 85%.Then, on December 8, 2022, shareholders filed a claim against Compound DAO and its partners.We’re of all updates and will notify investors about potential recovery.