The renowned decentralized exchange, Uniswap, became involved in an unexpected controversy within the crypto community. A developer linked to the exchange, who goes by the name AzFlin, was accused of engaging in serious misconduct connected to a memecoin project.
The founder and CEO of Uniswap Labs, Hayden Adams, said on X (Twitter) that Lin was fired for his actions. Adams added, “Not behavior we support or condone.”
Hayden Adams said in a tweet that Uniswap employee, AzFLin had been let go because of the transactions, showing it to be a “rug pull” due to which a number of investors lost a lot of money.
Some people are saying that Lin did something bad to a project called FRENS. They claim that Lin used a special way to take 14 ETH from the main system of FRENS using a tool called the Hop cross-chain protocol. This happened right after FRENS was set up.
The value of those 14 ETH was around $25,700 when this was written.
“Yes, I did then sell the FRENS from that LP. The token was already cooked at that point (30k mktcap). I bought that FRENS used to provide LP with my OWN money from the dev wallet, so I am entitled to do as I please with it. This FUD is outrageous,” said Lin on Twitter.
Despite the company’s closure, AzFlin seemed to be in a positive state of mind about the situation. He mentioned that he was let go from Uniswap, but he gained 600 new followers on social media.
Also Read: Uniswap Removed HEX Token after SEC said it Unregistered
