Internet reports that a federal judge in Texas has ruled in absentia on Bancor DAO, which runs the decentralized financial platform, after it failed to respond to an online subpoena. Judge Robert Pitman made the verdict after failing to show up to defend himself after Bancor DAO issued a subpoena on the DAO forum in January 2024. "District Court Clerk Philip Delvin wrote on March 13:" The defendant Bancor DAO failed to respond or otherwise defend himself within the time allowed, and the plaintiff has proved this. Investors involved in the class-action lawsuit claim they lost tens of millions of dollars because the exchange failed to warn about liquidity issues during the peak withdrawal period in 2022.