April 25, 2025
Blockchain

Massive Lawsuit Against Decentralized Crypto Exchange Uniswap: Exchanges Would Have Been Artificially Brought Down

  • April 18, 2022
  • 0

The cryptocurrency market is regularly on the agenda these days with news such as fraud and money laundering. While this makes users uncomfortable in the market, it can

The cryptocurrency market is regularly on the agenda these days with news such as fraud and money laundering. While this makes users uncomfortable in the market, it can also cause interruptions on some platforms. A US user has also filed a lawsuit against the stock exchange company, which he claimed were illegal transactions.

The decentralized exchange Uniswap is also named after the company’s founder and investors. 68 page case file Very interesting allegations have been made. Let’s take a look at the details and allegations of the lawsuit filed by US Nassa Risley.

He claimed that the tokens he invested in had been artificially lowered

User Nassa Risley has long been interested in the crypto market and trades on Uniswap. However, some situations he realized led him to sue the company. Risley recently invested in total in EthereumMax, Bezoge Earth, Matrix Samurai, Alphawolf, Finance, Rocket Bunny and Boombay.io tokens. He made an investment of $10,400. Shortly after he made this investment, however, the tokens plummeted and Risley lost most of his money. In addition, he said that the company has not made any disclosures in accordance with securities laws and that the tokens have been artificially raised and lowered.

After this incident Risley, who filed a class action lawsuit against the company, its founders and investors, said the company’s values ​​had been tampered with in the interest of some people. and explained that this caused a lot of harm to many users, including himself. At the same time, according to its claim, Uniswap has not yet completed the membership process, although it should be a member of the U.S. Securities and Exchange Commission (SEC). Since it is a decentralized company, the SEC’s decision on the matter is already arousing great curiosity. SEC chairman Gary Gensler “Some platforms act like people licensed by the SEC” announced that Uniswap was under review. A statement from Uniswap officials on the subject did not come

Source: Web Tekno

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