A U.S. federal judge dismissed all remaining state law claims against Uniswap Labs and its founder Hayden Adams, ending the class action lawsuit. The court ruled that the decentralized exchange developer is not responsible for scam tokens traded by third parties on its protocol, and noted that holding smart contract authors accountable for platform abuse is "counterintuitive." Uniswap's legal counsel called the ruling another "milestone" decision in the DeFi space. Following the announcement, the UNI token price rose 6% to $3.92.

UNI0,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes