The increase in the popularity of Bitcoin (BTC) and cryptocurrencies has also directed scammers to this sector.
In this context, the latest news came from the popular decentralized exchange Uniswap, these days when we hear about a new cryptocurrency scam.
Hayden Adams, the founder of Uniswap, said in a post on his Twitter account that an employee of his exchange was fired due to the rug pull case.
At this point, the Uniswap founder stated that an employee drained liquidity in the meme token FrensTech (FRENS), which is on Coinbase's new blockchain BASE.
Known as AzFlin, this employee deposited funds into the FrensTech pool through Uniswap and created a fake volume.
Just hours after the FrensTech memecoin was released on BASE, AzFlin pulled 14 Ethereum (ETH) worth $25,900 from BASE via cross-chain protocol Hop.
“I wanted to let people know that this person is no longer with the company. These are not behaviors we support or condone,” the Uniswap founder wrote. said.
*Not investment advice.