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PRECEDENT SET: Class Action Lawsuit Against Uniswap Thrown Out
A federal judge has dismissed the lawsuit against @Uniswap Labs and its CEO/backers.
The court ruled Uniswap is a decentralized protocol run by autonomous smart contracts and CANNOT be held liable for scam tokens traded by third parties.
Case dismissed WITH PREJUDICE. Plaintiffs cannot refile.
This sets a massive legal precedent: DeFi developers are NOT responsible for how bad actors misuse their open source code.
The scammer holds the liability. Not the protocol. Not the developer.
$UNI pumped 15%+ after the ruling. Game changer for DeFi.