What is the best cryptocurrency exchange in your country? These days, crypto exchanges are vastly preferred by new traders over the traditional stock exchanges. However, just like with any other trading arena, cryptos have their own set of issues. Recently Uniswap was caught in a bit of controversy after some regulator’s investigation involving one of its developers came up with an unpleasant surprise
The United States Securities and Exchange Commission (SEC) is investigating crypto-exchange developer Uniswap Labs. The company has not yet responded to the allegations, but it appears that they are related to securities fraud, according to a report by Bloomberg.
Crypto-exchange developer Uniswap Labs is under investigation by regulators in the United States, according to a report by Bloomberg. The company has not yet responded to the allegations, but it appears that they are related to securities fraud.
The company has not yet released a formal statement on the matter, but Bloomberg reports that the United States Securities and Exchange Commission (SEC) is investigating a developer of cryptos who also works for Uniswap Labs. The allegations appear to be related to securities fraud, or misleading investors into thinking their investments are secure when in fact they may not be.
The New York Attorney General’s office has been harshly criticized for its investigation on crypto exchanges lately by various executives from major companies in the industry. However, it appears that this time around the agency is doing something much more positive – looking out for consumers’ interests instead of hurting them further with lawsuits and fines which do little to nothing to protect traders against scams.
Uniswap has thus far remained quiet these claims, but regulators have noted that the company is looking into allegations related to securities fraud.
This investigation could affect how exchanges list tokens in the future, as Uniswap is responsible for vetting tokens and listing them on their platform.