U.S. judge dismisses class-action lawsuit against Uniswap over "fraudulent tokens," ruling that the platform cannot be held responsible for the misconduct of token issuers

GateUser-6433627c · 2026-03-03T00:16:36+00:00

On March 3rd, a U.S. federal judge dismissed a class-action lawsuit against Uniswap Labs and its founder Hayden Adams, ending the liability for fraudulent tokens on their trading protocol. This ruling clarifies that developers are not responsible for third-party misconduct, setting an important precedent for the DeFi industry.

GateUser-6433627c

2026-03-03 00:16:36

Abstract generation in progress

On March 3, according to The Block, a U.S. federal judge dismissed the remaining state law claims against Uniswap Labs and its founder Hayden Adams, ending the lengthy class-action lawsuit. The lawsuit aimed to hold the decentralized exchange platform developer responsible for scam tokens traded on its protocol. U.S. District Judge Katherine Polk Failla of the Southern District of New York issued a ruling that dismisses the plaintiff’s second amended complaint with prejudice and ruled that the company cannot be held liable for misconduct by an unidentified third-party token issuer. Uniswap’s Chief Legal Counsel Brian Nistler stated that this ruling sets an important precedent for the DeFi industry, reaffirming that developers are not responsible for illegal activities conducted by third parties using open-source code.

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