U.S. judge dismisses Uniswap scam token class action with prejudice

A federal judge dismissed a proposed class action lawsuit against Uniswap Labs, CEO Hayden Adams, and venture capital backers, ruling they cannot be held liable for alleged “rug pull” tokens traded on the Uniswap protocol. Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York determined that the identities of the scam token issuers are unknown, leaving plaintiffs without an identifiable defendant. The court distinguished between a decentralized protocol and a centralized intermediary, stating that developers shouldn’t be held liable for misuse of the infrastructure by bad actors. Irina Heaver, a crypto lawyer, noted the ruling signals courts are taking decentralization seriously, and Brian Nistler of Uniswap called it a “precedent-setting ruling for DeFi.” The plaintiffs had claimed losses from purchasing scam tokens but sued Uniswap and related parties because the issuers were unidentified.

(Source：CoinDesk)