Uniswap employee AzFlin admits to being FRENS token deployer, but denies Rug Pull allegations

2023-08-12 22:13:02BlockBeatsShare to:

BlockBeats news, on August 12, according to Coinedition, the developer of the meme token FrensTech (FRENS) was accused of conducting Rug Pull to remove liquidity from the project. According to on-chain expert @UniswapVillain, AzFlin, an early employee of Uniswap, is the developer of FRENS. A few hours after deploying the FRENS token, AzFlin used the multi-chain bridge HOP to transfer 14 WETH (approximately $25,800) from the Base network, and even sold the tokens withdrawn from the liquidity. AzFlin admitted to being the developer and deployer of the FRENS token, but denied the Rug Pull allegations. AzFlin claims that the liquidity of the project is locked in from the beginning. He only removed 1 ETH worth of liquidity, which he provided with funds from his developer wallet. AzFlin admitted that he sold the tokens when FRENS reached a market capitalization of $30,000. But he defended his actions by claiming that the tokens sold were originally purchased by himself to introduce liquidity to the project, therefore, the so-called Rug Pull is nothing more than FUD.

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