- Uniswap developer AzFlin rugged a meme coin venture known as FrensTech.
- He withdrew the liquidity he added and pocketed the 14 ETH funds.
- Uniswap fired the developer AzFlin for his actions.
A distinguished worker of Uniswap, the most well-liked decentralized alternate, has come below damning allegations of a crypto rip-off. In a latest tweet, pseudonymous UniswapVillain notified the crypto group that AzFlin, a Uniswap developer, rugged a meme coin venture a couple of hours after creating it.
The meme coin venture in query was FrensTech (FRENS). UniswapVillain famous that AzFlin rugged the FrensTech venture by withdrawing the assist he beforehand added that enabled the FRENS coin to be traded.
Particularly, after accumulating 14 Ethereum (ETH) tokens in charges, valued at over 25,800, AzFlin allegedly eliminated the liquidity and pocked the collected funds. The developer carried out the fraudulent motion by way of the Hop Protocol, a decentralized bridge that permits customers to switch tokens between totally different blockchains.
Moreover, UniswapVillain talked about that the developer didn’t solely take away the liquidity from the meme venture. He famous that AzFlin equally offered the cash whose liquidity he had withdrawn. UniswapVillain emphasised that the state of affairs was notably regarding on condition that AzFlin and his affiliation with Uniswap was public data.
Uniswap CEO Reacts
Hayden Adams, the founder and CEO of Uniswap, took to X (fka Twitter) to react to the state of affairs in regards to the worker below him. Adams proclaimed that the corporate already fired AzFlin. The CEO stated AzFlin’s conduct was at variance with the corporate’s working coverage.
In the meantime, AzFlin confirmed the event by way of his X account. Curiously, he revealed that his inbox had been flooded with individuals providing him assist and promise of employment.
