<ul class="news-points"> 
 <li><strong>The deployer of FrensTech has denied rug-pulling the project after allegations by the community.</strong></li> 
 <li><strong>On-chain experts recently accused the deployer of rugging the project by removing liquidity. </strong></li> 
 <li><strong>The project’s deployer is reportedly an early employee of leading DeFi exchange Uniswap.</strong></li> 
</ul> 
<p>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.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr">Frenstech (<a href="https://twitter.com/FrensTech?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FrensTech</a>) <a href="https://twitter.com/search?q=%24FRENS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FRENS</a> was deployed a few hours ago by the dev, <a href="https://twitter.com/AzFlin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@AzFlin</a> a Uniswap employee.<br><br>One hour and four minutes ago he effectively rugged the project moving 14 ETH off of Base chain through HOP. <a href="https://t.co/UUpz1PYXLQ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/UUpz1PYXLQ</a><br><br>Multiple people have confirmed he is the dev… <a href="https://t.co/xMyQxbqj0f" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xMyQxbqj0f</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@UniswapVillain) <a href="https://twitter.com/UniswapVillain/status/1690216623041372161?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 12, 2023</a> 
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<p>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…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/frenstech-deployer-responds-to-rug-pull-allegation-by-frens-holders/">FrensTech Deployer Responds To Rug Pull Allegation By FRENS Holders</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

FrensTech Deployer Responds To Rug Pull Allegation By FRENS Holders

Coin Edition

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