The cryptocurrency market is frequently on the agenda with news such as fraud and money laundering these days. While this makes users in the market uneasy, it can also cause interruptions on some platforms. A US user also filed a lawsuit against the stock market company, which he claimed was illegal transactions.
Very interesting accusations were made against the decentralized stock exchange Uniswap in the 68-page case file, in which the founder and investors of the company were also mentioned. Let’s examine the details and accusations of the lawsuit filed by Nassa Risley from the USA together.
Claimed that the tokens he invested in were artificially lowered
User named Nassa Risley has been interested in the crypto market for a long time and has been trading on Uniswap. However, some situations he realized led him to sue the company. Risley recently invested a total of $10,400 in EthereumMax, Bezoge Earth, Matrix Samurai, Alphawolf, Finance, Rocket Bunny and Boombay.io tokens. However, shortly after he made this investment, the tokens dropped sharply and Risley lost most of his money. On top of that, he said that the company did not make disclosures in accordance with securities laws and that the tokens were artificially raised and lowered.
Following this incident, Risley, who filed a class action lawsuit against the company, its founders and investors, announced that the company’s values were manipulated in accordance with the interests of some people, and that this caused many users, including himself, a high amount of damage. At the same time, according to his claim, Uniswap has not yet completed the membership process, although it should be a member of the US Securities and Exchange Commission (SEC). Since it is a decentralized company, the decision of the SEC on this issue is already arousing great curiosity. SEC Chairman Gary Gensler announced that Uniswap is under scrutiny, saying that “some platforms act like people licensed from the SEC.” There was no statement from Uniswap officials on the subject.
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