Catenaa, Thursday, March 05, 2026- A federal judge dismissed the remaining state-law claims against Uniswap Labs and its founder Hayden Adams, ending a yearslong class action tied to scam tokens traded on the decentralized exchange protocol.
In a ruling issued Monday, Judge Katherine Polk Failla of the US District Court for the Southern District of New York dismissed the second amended complaint with prejudice.
The court held that plaintiffs could not hold the company liable for alleged misconduct by unidentified third-party token issuers.
Investors had claimed losses from rug pulls and pump-and-dump schemes, arguing that Uniswap facilitated fraud by operating a marketplace connecting buyers and sellers.
The court rejected that argument, stating that offering a platform does not constitute substantial assistance in fraud.
Failla reiterated earlier findings that holding developers of smart contract code responsible for third-party misuse defies logic.
The lawsuit, filed in 2022, initially included federal securities claims that were dismissed in 2023.
The US Court of Appeals for the Second Circuit later affirmed that dismissal and returned the remaining state-law claims to the district court. Monday’s decision closes the case, finding plaintiffs failed to plausibly allege actual knowledge of fraud or deceptive conduct.
Following the ruling, Uniswap’s UNI token rose about 6% to $3.92 amid broader crypto market gains.
