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Uniswap dev creates and rugs $FRENS token pocketing 14 eth in four hours

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Uniswap dev creates and rugs $FRENS token pocketing 14 eth in four hours

A dev who works for Uniswap and is doxed created a shitcoin called $FRENS earlier today, four hours later he removed liquidity and transferred 14 eth off BASE chain.

https://preview.redd.it/51c61az99mhb1.png?613&format=png&auto=webp&s=636e5e3115bec177654554fc0599ac0750341c0b

The token was connected to the @ frenstech twitter account and 5% of the taxes were going to be used to buy shares of the account on the frenstech app increasing the value of the account.

an explanation of what frenstech if you need it

https://preview.redd.it/ko8fer8t8mhb1.png?623&format=png&auto=webp&s=bc9bc09a06aa1582c53fe649ec815624a8cf4fe6

He did end up selling the accounts shares on Freindtech and pocketing the eth while telling people he was going to show them something cool.

https://preview.redd.it/odcq4sjgamhb1.png?611&format=png&auto=webp&s=94b5338f224a09e0a9144952c99b17e8d1489d19

The Dev isn't denying that he pulled the LP or sold his tokens, his defense is that he could do what he want's whit those tokens because it's his wallet and that it's not a rug.

https://preview.redd.it/wd5xfk8mbmhb1.png?613&format=png&auto=webp&s=2854ead47d4adb6f3b44fa50a563a282874dd438

Here are the transactions posted by uniswapvillain account

You sold into the pool of your own token for another 0.89 ETH from the removal:

https://basescan.org/tx/0x3825971bcb442a7e7a366433b95bccd17f42ccb837e62fb319a57ade0116cc3d…

You sold shares:

https://basescan.org/tx/0x516106df1f7037e85bfe8c4ef6755461d10b6e7fee2bf953aa7ccdaed0e964eb…

You Bridged 14 ETH off-chain:

https://basescan.org/tx/0x0e84effb752d2c29f24b0261b68c332cae2a4a17286e8b91bd0d630b259ca5ad…

Your project was a flywheel to use the tax to buy shares and pump the coin.

You moved all this ETH off the chain and abandoned the project less than four hours after launching.

AzFlin also went back and deleted the tweet below from yesterday where he asked if removing liquidity is a rug, kind of like he was planning this the whole time.

https://preview.redd.it/3lrtevttcmhb1.jpg?1170&format=pjpg&auto=webp&s=f70f4a76a0875c64e9af7252c3aa103c1671d926

EDIT:

CEO of Uniswap just tweeted that the dev in question is no longer with the company

https://preview.redd.it/dykue5ckhphb1.jpg?1284&format=pjpg&auto=webp&s=f7c6c0aca1a16f38dd089dd96ad12691f2b23890

submitted by /u/Odlavso
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