{"id":94859,"date":"2026-03-03T09:56:34","date_gmt":"2026-03-03T06:56:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94859"},"modified":"2026-03-04T10:47:15","modified_gmt":"2026-03-04T07:47:15","slug":"court-dismisses-fraud-charges-against-uniswap","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/court-dismisses-fraud-charges-against-uniswap\/","title":{"rendered":"Court Dismisses Fraud Charges Against Uniswap"},"content":{"rendered":"<p>The Federal Court for the Southern District of New York <a href=\"https:\/\/www.courtlistener.com\/docket\/63213270\/126\/risley-v-universal-navigation-inc\/\">dismissed<\/a> a class action lawsuit against <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a> Uniswap and its founder Hayden Adams. The plaintiffs sought compensation for losses from trading fraudulent tokens on the platform. <\/p>\n<p>Judge Katherine Polk Failla closed the case, ruling that the company is not liable for the actions of third-party issuers. <\/p>\n<p>Users lost money on fraudulent projects, including Pump &#038; Dump schemes and exit scams. The plaintiffs claimed that Uniswap facilitated criminals by providing them with a platform to find buyers. <\/p>\n<p>The court rejected this theory: Failla noted that it is absurd to blame the creators of smart contract code for abuses by third parties. According to the judge, providing a functioning platform does not make developers accomplices to fraud. <\/p>\n<p>The proceedings <a href=\"https:\/\/forklog.com\/en\/news\/investors-accuse-uniswap-labs-of-violating-securities-laws\">had been ongoing<\/a> since 2022. In 2023, the court had already <a href=\"https:\/\/forklog.com\/en\/news\/court-sides-with-uniswap-in-class-action-lawsuit\">dismissed<\/a> claims against Uniswap regarding violations of federal securities laws. The new ruling closes the case entirely. The plaintiffs failed to prove deception or unlawful enrichment by the protocol&#8217;s creators. <\/p>\n<p>Uniswap Labs&#8217; chief legal officer Brian Nistler called the decision a precedent for the DeFi sector. He emphasized that the court has once again protected open-source authors from liability for others&#8217; actions. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Another day, another precedent-setting ruling for DeFi.<\/p>\n<p>Today, Judge Failla dismissed with prejudice the Risley class action against <a href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\">@Uniswap<\/a> Labs and <a href=\"https:\/\/twitter.com\/haydenzadams?ref_src=twsrc%5Etfw\">@haydenzadams<\/a>. The Federal charges had previously been dismissed, and today the various state claims are dismissed. Again, the\u2026<\/p>\n<p>\u2014 Brian (@N0th1n3) <a href=\"https:\/\/twitter.com\/N0th1n3\/status\/2028552988894310535?ref_src=twsrc%5Etfw\">March 2, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If fraudsters use open-source smart contracts, it is the fraudsters who are accountable, not the developers,&#8221; <\/em><a href=\"https:\/\/x.com\/haydenzadams\/status\/2028566543290830964\"><em>wrote<\/em><\/a><em> Adams.<\/em><\/p>\n<\/blockquote>\n<p>Following the court victory and the overall rise in the crypto market, the native token of the exchange, UNI, rose by 2.1% to $3.88.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"662\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-55c53775139defa4-7737174917116357-1024x662.png\" alt=\"UNIUSDT_2026-03-03_09-43-19\" class=\"wp-image-276089\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-55c53775139defa4-7737174917116357-1024x662.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-55c53775139defa4-7737174917116357-300x194.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-55c53775139defa4-7737174917116357-768x496.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-55c53775139defa4-7737174917116357.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute chart of UNI\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3AUNIUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In January 2026, the U.S. Securities and Exchange Commission <a href=\"https:\/\/forklog.com\/en\/news\/sec-withdraws-lawsuit-against-bitcoin-exchange-gemini\">withdrew<\/a> its lawsuit against the Bitcoin exchange Gemini.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Court for the Southern District of New York dismissed a class action lawsuit against DEX Uniswap and its founder Hayden Adams.<\/p>\n","protected":false},"author":1,"featured_media":94860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Court dismisses class action against Uniswap; developers not liable for third-party fraud.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,787,1391,26],"class_list":["post-94859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-dex","tag-uniswap-uni","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"183","promo_type":"1","layout_type":"1","short_excerpt":"Court dismisses class action against Uniswap; developers not liable for third-party fraud.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94859"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94859\/revisions"}],"predecessor-version":[{"id":94861,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94859\/revisions\/94861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94860"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}