ENS LABS RESOLVES ETH[DOT]LINK DISPUTE WITH $300,000 SETTLEMENT
- After 18 months of legal wrangling, ENS Labs secures #DAO approval to settle with Manifold Finance for $300,000, ending the eth[dot]link domain dispute.
- A decisive ENS DAO vote on Feb. 26 sees an overwhelming 88% in favor of the $300,000 settlement and 84% approving the reimbursement of $750,000 for ENS Labs' legal costs.
- The $750,000 in legal expenses incurred during the prolonged dispute between ENS Labs, Manifold Finance, and domain registrars GoDaddy and Dynadot.
- A legal dispute arose when early contributor Virgil Griffith could not renew the eth[dot]link domain when it expired in July 2022.
- Manifold Finance seized the opportunity to acquire the domain at auction on Dynadot in September 2022 after GoDaddy allowed it to expire.
Image: Forkast News
#ENS #Ethereum #ETH #CryptoNews #Wrtite2Earn