Compound
COMPDeFi · Compound Foundation
Listing suspended on 2026-09-14
Compound Labs (Delaware) is no longer shown to be the principal contributor and both named founders have left operational roles; its only official address is a 2019 Form D. Development now runs through the Compound Foundation, whose 2025 creation proposal planned a Delaware non-stock 501(c)(4) entity, but no registry, IRS, filing or legal document confirms its incorporation, jurisdiction or headquarters (Tests 1 and 4); as of 2026-09-14 it has no ProPublica exempt-organization record and no New York, Colorado, Oregon or Texas registration, and no independent source states where it is based. No US primary-operations claim is evidenced (Test 3). Market data is withheld until verification meets the USCC evidence standard.
The verdict on record
Pathway: Foundation with a US principal contributor. Needs Tests 1 and 4, plus 2 or 3.
Test 1 · not met
Headquartered in the United States
Compound Foundation is not recorded with a US headquarters.
Test 4 · not met
Registered in a US state
The registration of Compound Foundation is not established.
Test 2 · not met
American founding team
0 of 2 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · not met
Primary operations in the United States
No US primary-operations claim is supported by a primary document or two independent sources.
Legal entities
Compound Labs, Inc.
Delaware · operating company · San Francisco, CA
2 sources· 2 primary
- Filingdata.sec.gov/submissions/CIK0001736957.json2026-09-14
- Courtlaw.justia.com/cases/federal/district-courts/new-york/nysdce/…2026-09-14
Compound Foundation
Jurisdiction not established · foundation, principal contributor
2 sources
- Pressfinancefeeds.com/compound-foundation-announces-new-leadership…2026-09-14
- Projectcomp.xyz/t/compound-foundation-monthly-v4-programme-update-ju…2026-09-14
Founders
Robert Leshner
Co-founder; stepped down as Compound Labs CEO in 2023 to found Superstate · US status not established · no operating role today
1 source
Geoffrey Hayes
Co-founder; left Compound Labs in July 2024 to co-found Legend · US status not established · no operating role today
1 source
Regulatory posture
Court
Meghji v. Compound Labs, Inc. (S.D.N.Y. No. 1:25-cv-00926), brought by the Celsius litigation administrator against Compound Labs, Compound DAO, Robert Leshner and Geoffrey Hayes: on March 4, 2026 the court granted in part and denied in part the motion to dismiss; negligence and negligent-misrepresentation claims against Compound Labs survive.
1 source· 1 primary
Audits
Record history
2026-09-14 · correction
Suspension reason updated: no exempt-organization or state registry record for the Compound Foundation was found, and no US primary-operations claim is evidenced.
2026-09-14 · suspended
Suspended pending official evidence of the Compound Foundation's US registration and principal-contributor role.
2026-09-14 · correction
Removed unsupported "SEC settled with Compound Treasury in 2022" claim (no Compound entity appears on the SEC crypto enforcement list); Geoffrey Hayes no longer CTO (left July 2024); Celsius litigation (S.D.N.Y.) added; audits limited to those listed in Compound III docs; unsourced investor annotations removed. Compound Foundation's development role now sourced to its own forum reports; its planned Delaware non-profit status is recorded as a plan only, since no registry record was found.
2026-04-29 · listed
Listed in the v0.1 allowlist.