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Uniswap beats class action alleging it assisted crypto ‘rug pulls’
Uniswap Labs and founder Hayden Adams have won a class action lawsuit that sought to hold them liable for scam cryptocurrencies traded on its platform, ending a four-year legal saga. Manhattan federal judge Katherine Polk Failla dismissed a suit against Uniswap on Monday with prejudice, saying the class group can’t hold Uniswap liable for the misconduct of unknown third-party token issuers. It was the class group’s second attempt to sue Uniswap, which amended their complaint in May to focus on claims of state-level consumer protection violations, arguing that Uniswap allowed “rug pulls and pump and dump ... (full story)