Uniswap Wins Legal Battle as U.S. Federal Judge Dismisses Crypto Rug-Pull Lawsuit
A U.S. federal judge dismissed a class-action lawsuit against Uniswap Labs and its founder, Hayden Adams, which sought to hold the decentralized exchange accountable for alleged rug pulls and pump-and-dump schemes on its platform. Judge Katherine Polk Failla ruled that Uniswap cannot be held responsible for the fraudulent actions of anonymous token issuers, emphasizing that operating a decentralized, open-source trading platform does not constitute assisting fraud. The plaintiffs had refiled the case with state-level consumer protection claims after an earlier dismissal, but the court reaffirmed legal protections for DeFi infrastructure. Following the decision, Uniswap's native token UNI saw a price increase and higher trading volume. The ruling is seen as a significant legal victory for the DeFi sector.
TheNewsCrypto03/03 07:38
