In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial.
On March 27, United States District Judge Larry Alan Burns passed a ruling concerning the class-action lawsuit against bZx DAO and others. While the ruling seemed normal on the surface, Web3 lawyers spotted a significant development for decentralized autonomous organizations (DAOs).