DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors

[{"selector":"#anim-a39d0285-8c6a-4519-9506-5c3eb9d1dda7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.607587991530147%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020. Learn more

Maker is a leading DeFi lending protocol that allows users to withdraw loans in the platform’s native stablecoin DAI by pledging some cryptocurrencies like ETH as collateral.

The judge also argued that the “plaintiff has failed to allege facts sufficient to support each of his claims for relief.” This was the second amended version of the complaint.

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