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Cryptocurrency News Video
UNI Token Price Crashes: SEC Targets Uniswap Labs. Sparking Massive Sell-Off
Apr 11, 2024 at 05:19 pm Money Matters
Uniswap Labs, the creator of Uniswap decentralized exchange, received a Wells notice from the SEC, signaling potential legal action. UNI fell 10% from $11.21 to $10 after Uniswap disclosed receiving a Wells notice from the SEC. It’s now trading at $9.66, the lowest since late February. Despite the setback, Uniswap Labs vows to contest the allegations, emphasizing the decentralized nature of the Uniswap Protocol. Seems another regulatory storm is brewing for DeFi.
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