Uniswap developer AzFlin has been accused of rug-pulling 14 ETH, roughly $26,000, from the FrensTech project on Base within 4 hours of its launch.

However, the developer denied these accusations, stating that he only removed the 1 ETH liquidity he added to the project.

The Accusations

UniswapVillain alleged AzFlin, the deployer of FrensTech, rugged the project a few hours after its launch. FrensTech is a memecoin project that riffs off the popular Friend.Tech social network dApp on Base.

Frens Rugpull
Onchain data showing Frens Rugpull. Source: BaseScan

According to UniswapVillain, AzFlin removed the ETH from the Base network using HOP. The 14 ETH represents liquidity from fees.

“He sold the tokens he removed from the liquidity even. This is wild to me that someone who is doxxed and works for Uniswap would do this lol,” the allegations added.

Meanwhile, UniswapVillain linked the developer to Uniswap by analyzing the number of employees from the decentralized exchange who followed the project on X.

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Author: Oluwapelumi Adejumo

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