Uniswap developer Allen Lin, identified higher thru his Twitter pseudonym “AzFlin,” changed into once accused of pulling liquidity from the FrensTech (FRENS) memecoin hours after it changed into once deployed on Coinbase’s newly launched Layer 2 network Dreadful.

Hayden Adams, founder and CEO of Uniswap Labs, acknowledged that Lin had been fired for his actions.

Blockchain customers accused Lin of successfully orchestrating a rug pull on FRENS by transferring 14 ETH off the infamous chain thru the Hop circulate-chain protocol rapidly after its deployment. On the time of writing, 14 ETH amounted to factual $25,700.

Lin, alternatively, has a completely different legend, and claims that he eradicated 1 ETH of liquidity which he equipped with funds from his developer pockets.

After tracing his transactions on BaseScan, customers came to a completely different conclusion, pointing out that he equipped the 1 ETH correct into a Liquidity Pool (LP) of the FRENS token, equipped shares after which bridged 14 ETH off chain. Blockchain person “@UniswapVillain” accused Lin of utilizing the project as a flywheel to use the tax to aquire shares and pump the pricetag of the token.

“Certain, I did then promote the FRENS from that LP. The token changed into once already cooked at that point (30k mktcap). I equipped that FRENS worn to create LP with my OWN cash from the dev pockets, so I’m entitled to possess as I please with it. This FUD is incorrect,” acknowledged Lin on Twitter.

When one person pointed out that it changed into once serene unethical to dump a token that he created on the market, Lin acknowledged he admitted that changed into once a mistake and “regrets that fully.”

“purchased fired from uniswap, but gained 600 recent followers and CT villain earn 22 situation get hang of neutral tbh,” tweeted Lin.