A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be held liable for crimes committed by third parties.Judge Katherine Polk Failla of the US District Court for the Southern District of New York ruled that Uniswap Labs and its CEO cannot be sued for providing the software, when its third-party users who committed alleged scams. The lawsuit filed in April 2022 alleged that the plaintiffs lost money in scam tokens bought via the DEX platform. Judge Failla wrote that there is no “identifiable defendant” to sue as the identity of the scammers was unknown to either party.The class action lawsuit had also named Uniwap founder Hayden Adams and VC backers Andreessen Horowitz and Paradigm as defendants. Other than the allegation that Uniswap listed the Scam Tokens, the suit also claimed that the decentralised exchange platform sold unregistered securities.Commenting on the court’s decision, Uniswap’s chief legal officer Marvin Ammori said that this is a “huge victory for the crypto world & software devs”. He added that the “self-driving” Uniswap protocol has primarily lawful use and protocol developers are not liable when others misuse it.Judge Failla’s ruling is the latest in a series of court decisions that reflect on the broader crypto ecosystem and the highly crucial question of clarity. Recent high profile wins for crypto companies include that of Ripple Labs and that of Grayscale Investments, both involving the US Securities and Exchange Commission (SEC).

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	8
People	Hayden Adams, Marvin Ammori, Katherine Polk Failla
Companies	US District Court for the Southern District of New York, Paradigm, Andreessen Horowitz, Uniswap Labs, Uniswap
Currencies	None
Securities	None