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SushiDAO served with subpoena by SEC

forum.sushi.com

1–10 of 71 posts

Re: SushiDAO served with subpoena by SEC

#5

...what even is SushiDAO? A Google search for "What is SushiDAO?" just gave a lot of articles with crypto-word-soup.

maker of sushi-swap dex incorporated as a company perhaps a c-corp unnecessarily

SushiDAO created a legal entity “to reduce liability” and then that entity and an individual associated with it got subpoenaed.

PSA: if there’s an entity, it’s not a Decentralized Autonomous Organization

sushiswap: https://www.sushi.com/

$SUSHI coin: https://coinmarketcap.com/currencies/sushiswap/

SBF on sushi-swap: https://www.forbes.com/sites/tatianakoffman/2020/09/06/exclu...

SBF the white-knight saved sushi swap https://decrypt.co/41606/the-man-who-saved-sushiswap

Re: SushiDAO served with subpoena by SEC

#6
post #3
post #2

[flagged]

what is r/FlordiaMan material?

Florida has transparency laws which allow for every dumb thing ever done by a florida man to be published and become highly visible on a global scale. It gave the state certain reputation due to observation bias.

Re: SushiDAO served with subpoena by SEC

#8

...what even is SushiDAO? A Google search for "What is SushiDAO?" just gave a lot of articles with crypto-word-soup.

SushiSwap is an exchange where you can swap TokenA for TokenB. A DAO is where an Organization operates based on RFCs and community voting. SushiDAO is the combination of the two, so an exchange that is ran by community voting. I suspect if it’s a DAO operating as a subsidiary of an LLC it’s a method to avoid liability.

Re: SushiDAO served with subpoena by SEC

#10
>> Coverage: The Sushi DAO Legal Defense Fund will provide coverage for reasonable attorneys’ fees and costs for the following parties: Core contributors and multisig participants active since the ratification of Sushi 2.0 (Sushi 2.0: A Restructure For The Road Ahead 91) to present.

Anyone more familiar with the project able to speculate why they’re not including core contributors prior to Sushi 2.0?

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Surprised core contributors would have publicly identified themselves, since even without any legal liability, to me it puts a huge target on their back given the leverage they have over the project assuming they have ability to commit code that is then distributed to the DAO.

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