No public regulator, court or law-enforcement investigation has been confirmed so far.
What exists publicly: exchange-level reviews, public allegations, no final public report from major exchanges, no official legal conclusion, no confirmed delisting notice.
RaveDAO is still active as a Web3 music/event project, but the token remains high-risk after the April crash.
Important point: allegations are not proof.
Watching price, liquidity and official announcements only.