After it was revealed that an employee of decentralized exchange Uniswap was “effectively providing support” for memecoin, the founder of the exchange announced that this person is no longer working at Uniswap.
Hayden Adams, founder of Uniswap, announced the firing of an employee on platform X following what some of the team called a “rug pull”.
Uniswap cuts ties with the company after an employee was involved in a “rug pull” incident
An employee of Uniswap, one of the largest decentralized exchanges, was recently involved in a “rug pull” incident. However, company founder Hayden Adams made statements.
Responding to a post detailing how it was supported and “effectively hardened” by AzFlin, who developed a memecoin called FrensTech, Adams said, “I wanted to let people know that this person is no longer on our team. It’s not behavior we support or tolerate,” he said.
AzFlin involved was the name of Allen Lin, a smart contract engineer at Uniswap, used on Twitter and GitHub. AzFlin previously served as chief engineer at NFT marketplace Genie.
Shortly after the FrensTech memecoin was deployed on the Base platform, AzFlin moved 14 Ethereum ($25,900) worth of coins from Base via the cross-chain protocol Hop. One user explained, “He pocketed 14 ETH by subtracting the liquidity he added from the fees.”
AzFlin later added “(unemployment arc)” to his username on platform X and joked, “He was fired from Uniswap but gained 600 new followers and achieved Crypto Twitter villain status”. “Honestly, it’s net neutral,” he added.
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