BANCOR SUES UNISWAP FOR PATENT INFRINGEMENT OVER DEX SMART CONTRACT TECH

Summary from the TLDR Crypto newsletter

Bancor's Bprotocol Foundation and LocalCoin Ltd. have filed a lawsuit against Uniswap Labs and the Uniswap Foundation, alleging unauthorized use of Bancor's patented constant product AMM (CPAMM) technology first introduced in 2016. The suit claims Uniswap's original 2018 protocol infringes on Bancor's 2017 patents covering the automated, permissionless onchain swap mechanism foundational to DEXs.