Bengaluru, May 22 -- The decentralised finance (DeFi) world is swaying after Bancor filed a bombshell lawsuit against Uniswap, accusing the industry giant of stealing its patented technology. Filed in a New York federal court, the case could reshape how innovation is protected in the open-source-driven crypto sector. Bancor claims Uniswap built its empire using intellectual property developed nearly a decade ago without permission or payment.

Clash of the DEX Titans Bancor's parent companies, Bprotocol Foundation and LocalCoin Ltd., allege Uniswap Labs and its foundation infringed on two U.S. patents for automated market maker (AMM) technology. The lawsuit claims Bancor pioneered the "constant product" AMM model in 2016, securing patents...