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    Rajesh AK in Crypto News

    27 Feb 01:15 PM


    ENS to end domain suit after DAO greenlights $300K settlement

    ENS Labs has been given approval from its DAO to settle and dismiss a legal fight over the ownership of the domain.
    The Ethereum Name Service (ENS) developer is set to end its stoush with Manifold Finance over ownership of the domain after its decentralized autonomous organization (DAO) approved a $300,000 settlement with Manifold.

    An ENS DAO vote ended on Feb. 26 and saw about 88% approve the settlement, which will see ENS Labs drop its lawsuit and pay $300,000 to Manifold but be able to retain the domain name. Meanwhile, 84% approved a $750,000 reimbursement of ENS Labs’ legal costs.

    The approved settlement ends an 18-month-long saga that saw ENS Labs sue Manifold and domain registrars GoDaddy and Dynadot in an Arizona District Court and win an order to stop the domain from being transferred from its ownership.

    Source - Coin Telegraph