Uniswap wins dismissal of class-action lawsuit over scam tokens

The U.S. District Court for the Southern District of New York has dismissed a class-action lawsuit against Uniswap (UNI) and its founder, Hayden Adams, concerning scam cryptocurrencies, The Block reported. The plaintiffs alleged they incurred losses from scam tokens traded on Uniswap and claimed the platform facilitated the fraudulent activity. However, the court ruled that merely providing a trading platform cannot be considered aiding and abetting fraud. Adams also stated that the responsibility should lie with the scam projects themselves, arguing it is unfair to hold a platform provider liable for such damages.