Uniswap Wins Full Dismissal Of The Scam Token Class Action Lawsuit
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- US judge dismisses Uniswap class action with prejudice, closing the case.
- The court ruled Uniswap is not liable for scam tokens issued by unknown third parties on its protocol.
- Plaintiffs failed to prove actual knowledge of fraud, substantial assistance, or state-law violations.
A US federal judge has fully dismissed the class action lawsuit against Uniswap Labs and its founder Hayden Adams, ending a four-year legal fight over scam tokens traded on the Uniswap protocol.
Judge Katherine Polk Failla of the Southern District of New York ruled that Uniswap cannot be held liable for fraud committed by unknown third-party token issuers.
The second amended complaint was dismissed with prejudice, and the case is now closed at the district court level. According to CoinGecko, UNI climbed 10% following the ruling to reach $3.92, before easing slightly to trade around $3.8…
Read The Full Article Uniswap Wins Full Dismissal Of The Scam Token Class Action Lawsuit On Coin Edition.
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