TechFlow news — Two U.S. law firms, Kim & Serritella and Barton, have announced a class-action lawsuit against Uniswap, the largest decentralized exchange (DEX) in the market, as well as two major crypto venture capital firms, Paradigm and a16z.
Uniswap Labs and the other defendants are accused of violating securities laws by issuing and selling unregistered "securities" in the form of digital tokens on the Uniswap exchange, including Uniswap's own token, UNI.
Additionally, Uniswap is alleged to have failed to register itself as an exchange and/or broker-dealer under securities laws, and did not provide investors with registration statements for the securities they offered—information considered critical for informing investors about risks and other material facts related to their investments.
