BarnBridge DAO advised to halt DeFi operations amid purported SEC probe
BarnBridge DAO, which runs a small DeFi protocol, says it is facing an investigation from the U.S. securities regulator.
BarnBridge
BarnBridge DAO, which runs a small DeFi protocol, says it is facing an investigation from the U.S. securities regulator.
DeFi protocol BarnBridge says it has drawn attention of the US Securities and Exchange Commission (SEC), although has stopped short of explaining exactly what for.
BarnBridge DAO, a risk management entity within the decentralized finance (DeFi) space, is under investigation by the U.S. Securities and Exchange Commission (SEC). The news broke out through Douglas Park,…
“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk.
BarnBridge, a DeFi protocol known for tokenizing risk exposure, has revealed it’s under investigation by the SEC, triggering a halt on all operational activities.
On July 6, Douglas Park, a lawyer representing the BarnBridge decentralized autonomous organization, shared important news with the members via the platform’s Discord channel. Park disclosed that the Securities and…
A lawyer advises BarnBridge protocol to stop all operations due to an ongoing investigation by the US SEC
BarnBridge DAO was advised to cease all work related to the protocol and halt compensation to individual contributors.Legal counsel Douglas Park also told the team to close existing liquidity pools…
DeFi protocol BarnBridge said the U.S. Securities and Exchange Commission (SEC) is investigating its decentralized autonomous organization (DAO) and team member, according to a July 7 tweet.
The 5% annual rate does not attract many users, despite promising a high level of security