The post Uniswap Wins: Court Kills Scam Token Lawsuit for Good appeared on BitcoinEthereumNews.com.

Judge Failla dismissed the Risley class action against Uniswap Labs with prejudice on March 2, setting a new legal precedent for DeFi open-source developers. Judge Katherine Polk Failla of the Southern District of New York dismissed all remaining claims in the Risley class action against Uniswap Labs on March 2, 2026. The dismissal came with prejudice. Every count is gone. No path back to court. The lawsuit was filed in April 2022 by five plaintiffs who claimed losses on 38 scam tokens traded through Uniswap’s interface. Rug pulls, pump and dumps, losses running through the protocol during a class period from April 5, 2021, to April 4, 2022. The scammers behind the tokens were never identified. So plaintiffs went after Uniswap Labs and founder Hayden Z. Adams instead. Must Read: U.S. CLARITY Act Nears Vote: Is Regulatory Chaos Finally Ending? Scammers Liable. Builders Are Not. Uniswap founder Hayden Adams responded immediately after the ruling. According to haydenzadams on X, the case sets a new legal precedent for open-source development in crypto. His position was direct: when scammers use open-source smart contract code to defraud investors, the scammers carry the liability, not the developers who wrote the code. He described the outcome as good and sensible. Crypto legal commentator N0th1n3 put it in sharper terms. As N0th1n3 posted on X, this was another precedent-setting ruling for DeFi, and the logic running through it has not changed since the first dismissal in 2023. The court’s own language from that earlier ruling resurfaced here. Plaintiffs still could not hold defendants liable for the “misconduct of the unidentified third-party issuers” simply because Uniswap provided a marketplace. N0th1n3 cited a line from Risley I that reappears in this ruling: that it “defies logic” to hold a smart contract drafter responsible for a third party’s misuse…

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Filed under: News - @ March 3, 2026 7:22 pm