Uniswap dismisses Bancor's patent infringement lawsuit

Uniswap Labs, the company behind the decentralized trading platform Uniswap, has dismissed the infringement lawsuit filed by Bancor in the Southern District of New York, stating that it is a "publicity stunt" amid the evolving regulatory landscape for crypto and DeFi in the United States. On Tuesday, Bancor announced that it is suing Uniswap Labs and the Uniswap Foundation, accusing them of infringing on its patented technology. Bancor claims that the Uniswap project has improperly used its "Constant Product Automated Market Maker" (CPAMM) infrastructure over the past eight years. (The Block)