SyncMind | Multichain AI

Another day, another precedent-setting ruling for DeFi. Today, Judge Failla dismissed with prejudice the Risley class action against @Uniswap Labs and @haydenzadams. The Federal charges had previously been dismissed, and today the various state claims are dismissed. Again, the premise is simple: “Plaintiffs’ theories of liability are still predicated on Defendants having ‘facilitated’ the scam trades ‘by providing a marketplace and facilities for bringing together buyers and sellers of Tokens[.]’ Though the claims have changed, the result is the same: Plaintiffs cannot hold Defendants liable for the misconduct of the unidentified third-party issuers.” To take my favorite quote from the last dismissal: It “‘defies logic’ that a drafter of a smart contract, a computer code, could be held liable … for a third party user’s misuse of the platform.” Read the opinion here: courtlistener.com/docket/6321327…

🔶 Partnership Announcement 🔶 We're thrilled to partner with @SyncMindLabs ! SyncMind: Decentralized AI for Web3. Enabling multichain model deployment, cross-chain synchronization & ZK-protected intelligence. MixMax is committed to creating an accelerator of volume (VOL), yield (APY) for the DEFI community. We are excited to announce that we will be collaborating more. Keep watching for updates!