Bancor files patent infringement lawsuit against Uniswap over DEX tech

Quick Summary:

At the time of publication, Uniswap had not publicly responded to the lawsuit, filed in the US District Court for the Southern District of New York.“With this lawsuit, Bprotocol Foundation and LocalCoin seek compensation for Uniswap Labs’ unlicensed use of Bancor’s patented technology and Uniswap Foundation’s inducement of infringement," it said.

Bancor, the creator of a smart contract-based automated market maker, is suing Uniswap for patent infringement, alleging the decentralized finance exchange has used its technology without permission and profited significantly from it.

The two organizations are considered competitors in the sector of decentralized finance (DeFi).“When an organization continuously uses our invention without our authorization and does so as a means of competing with us, we must take action,” said Mark Richardson, project lead at Bancor.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Trading Patented 24-hour Technology Infringement Exchange Decentralized Uniswap Volume Lawsuit Bancor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 20:20:14 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28881522

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