Uniswap wins class-action lawsuit over "fraudulent tokens," court rules developers are not liable for third-party misconduct.

CoinFeed reported on March 3 that, according to The Block, U.S. District Judge Katherine Polk Failla of the Southern District of New York dismissed a class-action lawsuit against Uniswap Labs and its founder, Hayden Adams. This ruling ends a long-standing legal attempt to hold DEX developers accountable for "fraudulent tokens" traded on their platforms. The plaintiffs had previously accused Uniswap of being responsible for losses caused by "rug pulls" and "pump-and-dump" schemes on its platform. In her ruling, the judge stated that holding the writers of smart contract code accountable for third-party abuse of decentralized platforms is "illogical," and emphasized that merely providing a platform does not equate to substantially aiding and abetting fraud.