gym leader b00p3r
1K posts

gym leader b00p3r
@imb00p3r
founder faraday_labs advisor degen to this n that @livenation @jackaldao @sony @legendary @netflix, ex poker player, and also a janitor.

The first humanoid robot fighting competition is underway


Very significant ruling in the Sarcuni v. bZx DAO putative class action this evening. The court has denied the motion to dismiss of members of the DAO who held governance tokens (BZRX), finding the DAO is plausibly alleged to be a general partnership. The court placed particular emphasis on the apparent attempt by the founders to evade the application of US law by transitioning ownership from LLCs to a DAO, quoting the founders themselves on this point multiple times. Further, the court reasoned such members are plausibly alleged to have owed a duty of care to the plaintiffs based on representations made about the security of the protocol and how it functioned. The token-holding defendants are plausibly alleged to have breached that duty by having inadequate security—specifically that a single phishing email to a single developer permitted hackers access to the entire amount of bZx protocol deposits on the Polygon and Binance blockchains. Although much remains to occur in discovery, the case will proceed personally against bZx founder Kyle Kistner* as DAO token holders, as well as other similarly situated defendants. The court dismissed claims against entities that did not hold DAO tokens. This case should be closely examined by anyone thinking about legal liability in the DAO space. *The claims against co-founder Tom Bean were dismissed due to a lack of allegations about the court’s personal jurisdiction over him; an amended pleading may allege additional facts that would allow the case to proceed against Bean. The ruling is available here: storage.courtlistener.com/recap/gov.usco…







Bullish on founders who learn from their mistakes. Bearish on founders who pretend like they aren’t making mistakes.




