Another significant crypto entity scored a victory in the US legal system as Ethereum-based crypto exchange Uniswap won a class action. The legal battle was fundamental for the platform as it could have set a dangerous precedent for the nascent industry.

Uniswap Scores Victory And Draws Important Line For DeFi

Nessa Risley, James Freeland, Robert Scott, and others filed the class action lawsuit against Uniswap Labs, its founder Hayden Adams, and Paradigm, seeking to establish a direct link of responsibility between the defendants and “scam tokens.”

In other words, Uniswap users were trying to hold Adams and the company responsible for losing money on the crypto exchange. Therefore, plaintiffs sought monetary compensation by arguing that the company and investors backing Uniswap created …