$30M MakerDAO 'Black Thursday' lawsuit sent to arbitration
$30M MakerDAO ‘Black Thursday’ lawsuit sent to arbitration

A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ‘Black Thursday’ meltdown should enter into arbitration proceedings.

The Maker Foundation filed this motion to compel arbitration in response a lawsuit filed by MakerDAO user Peter Johnson in April after he suffered six-figure losses as a result of the protocol becoming undercollateralized in March.

Arbitration clause in DAI’s 2018 terms of service: CourtListener

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