FrensTech Deployer Responds To Rug Pull Allegation By FRENS Holders

• The deployer of FrensTech has denied rug-pulling the project after allegations by the community.
• On-chain experts recently accused the deployer of rugging the project by removing liquidity.
• The project’s deployer is reportedly an early employee of leading DeFi exchange Uniswap.

The developer behind the memecoin FRENS has been accused of pulling the rug from under the project after he removed several thousand dollars worth of liquidity from the crypto project. The deployer, whose identity was revealed by the crypto community on X (formerly Twitter) earlier today, is reportedly an early employee of the popular decentralized crypto exchange Uniswap.

Frenstech (@FrensTech) $FRENS was deployed a few hours ago by the dev, @AzFlin a Uniswap employee.

One hour and four minutes ago he effectively rugged the project moving 14 ETH off of Base chain through HOP. https://t.co/UUpz1PYXLQ

Multiple people have confirmed he is the dev… pic.twitter.com/xMyQxbqj0f

— (@UniswapVillain) August 12, 2023

An on-chain expert who goes by UniswapVillain on X took to the social networking platform earlier today to report that the deployer of FrensTech had rugged the project. Fren…

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