Former Uniswap employee accused of RugPull? Allegedly transferred 14 ETH from meme coin $FRENS, insider involvement suspected?

Uniswap's former engineer AzFlin, known as a leader in the DEX space, was discovered on August 13th to be the developer behind the meme coin FrensTech $FRENS. He deployed the token on Base and transferred approximately 14 wETH, equivalent to around $25,800, as well as the $FRENS in the liquidity pool within a few hours. Uniswap founder Hayden Adams has confirmed the termination of AzFlin's employment.

Uniswap Involved in Rug Scandal

Who is AzFlin?

LinkedIn shows that AzFlin is the name of Allen Lin on Twitter and GitHub, working as a smart contract engineer at Uniswap since July 2022, previously employed in the NFT marketplace Genie.

Insider Reveals

A Twitter user named UniswapVillain claimed on August 12thvia a tweet that Uniswap developer AzFlin was deceiving users through a new meme token called FrensTech $FRENS.

He alleged that AzFlin launched the meme token project in the early morning and transferred 14 ETH through the base chain at noon, while also moving and selling tokens from his liquidity pool.

It is reported that this information has been confirmed by multiple sources, with many early Uniswap employees following the project's Twitter account.

AzFlin Admits Creating $FRENS Token

Just 40 minutes after UniswapVillain's tweet, AzFlin promptlyadmitted that he was the creator of $FRENS:

Yes, I made the token. But I didn't rug, I just sold my $FRENS tokens from my liquidity pool. As a developer, I have the right to do whatever I want with it.

He alsostated, "For those who think I rug 14 ETH, that's called a dev tax, it's mine."

He alsoadded that since being fired by Uniswap, he gained 600 more followers and received messages of support and job opportunities.

Is Uniswap Aware of This?

UniswapVillain also mentioned in the post that Uniswap's lead designer bku was thefirst follower of the $FRENS project, fueling speculation about whether other employees at Uniswap were aware of or involved in the project.

Uniswap Founder Responds

Uniswap founder Hayden Adams promptlyresponded to the incident, stating that such behavior goes against Uniswap's values.

We fired AzFlin because this is not behavior we support or condone.

The decisionis seen as a crucial commitment to maintaining Uniswap's reputation and ethical standards, as creating meme coins and rug pulling is unacceptable and potentially illegal in the crypto industry.

However, Hayden Adams did not comment on why many early employees were the first followers of the project, raising questions about transparency within Uniswap for users and the community.