Mark Richardson stated that Uniswap’s alleged unauthorized use has persisted for eight years, motivating legal action to defend Bancor's technology

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"When an organization continuously uses our invention without our authorization and does so as a means of competing with us, we must take action,” said Mark Richardson, project lead at Bancor. “For the last eight years, Uniswap has been using our patented technology in its projects without our permission. As a result, we have taken legal action to defend our technology for the good of the entire DeFi community.”

Richardson claimed that for the last eight years, Uniswap has been using the patented technology without Bancor’s permission. “As a result, we have taken legal action to defend our technology for the good of the entire DeFi community,” he said.

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