Judge Dismisses Years‑Long Scam‑Token Lawsuit Against Uniswap Labs

A federal judge in Manhattan dismissed the class action Risley v. Universal Navigation against Uniswap Labs and founder Hayden Adams, ruling on March 2, 2026 that all remaining claims are dismissed with prejudice and closing the case to further amendment or refiling ^[1][2][4].

The suit, filed in April 2022 by plaintiffs who alleged losses from trades in scam tokens, was dismissed after the court found the plaintiffs failed to plausibly allege that Uniswap had knowledge of the underlying fraud ^[4]; the decision emphasized that a neutral protocol providing infrastructure cannot be held liable for bad actors using that infrastructure ^[3][2].

Legal analysts and coverage say the ruling sets an important benchmark for DeFi projects by clarifying the limits of developer responsibility and treating decentralized exchange protocols analogously to neutral market infrastructure such as traditional exchanges ^[2][3].

Because the dismissal was entered with prejudice, the court’s order effectively ends this multi‑year litigation against Uniswap Labs, a result described in multiple reports as a significant legal win for the protocol ^[1][4].