US federal judge dismisses remaining lawsuits against Uniswap and its founders, establishing boundaries for DeFi developer liability
Foresight News reports, according to The Block, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York has dismissed all state law claims against Uniswap and its founder Hayden Adams. The judge ruled that Uniswap should not be held responsible for Rug Pull and pump-and-dump scams carried out by third-party issuers on its platform. Simply providing the platform does not constitute substantial assistance in fraud, and requiring smart contract code writers to be liable for third-party misuse of decentralized platforms is "illogical."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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