Uniswap Founder and Former Partner Clash Over Surprise Lawsuit – Here’s Why

Uniswap Founder and Former Partner Clash Over Surprise Lawsuit - Here's Why

  • One of the first supporters of Uniswap sued Hayden Adams.
  • After being accused of “breach of contract,” Adams hits back on Twitter.
  • Burton held an NFT contest depicting Hayden’s impalement.

Rick Burton, an early and loyal supporter of the Rhino Uniswap, sued young crypto magnate Hayden Adams for breach of contract, claiming that Mr. Adams was “enriched by hundreds of millions of dollars” at Mr. Burton’s expense. The frustrated cryptocurrency investor also maintained that he had to go against his nature to file a legal complaint.

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These claims stem from the financial assistance and various other types of support that Richard Burton has shown the inventor of the Uniswap protocol over the years. The two were close friends and even business partners The model climbed to Uniswap’s initial funding round has allegedly severed ties with Ric.

In addition, the plaintiff claims that he was denied the opportunity to invest in Uniswap when the early institutional investors were included. Last but not least, Rick Burton says the suit will go to trial, but Hayden Adams claims the exact opposite – he finds the case dismissed.

Rick gets unchanged

As the suit Reads the plaintiff’s objective To “seek compensation for illegitimate enrichment,” it may sound like an early investor missed out on success and is now embittered and desperate for a slice of the pie. Be that as it may, there are many other sides to the story of Mr. Burton’s niggle.

Actually, Rick too Claims emotional damage in his Twitter thread, explaining that “it’s hard to talk about even after 5 years.” While the legal documents may indicate that it is mostly about some pragmatic justice or simply unreturned money, Ric Burton’s statements on Twitter paint a different picture.

For example, cryptocurrency investor Hayden Adams testified He never tried to return the money It invested in design, infrastructure, office space and living expenses. According to Burton, the founder of Uniswap completely ignored him and left the ex-partner “so heartbroken on multiple levels, I couldn’t focus on money-related things”.

$1,085 for Hayden Impaled by Unicorn

A cryptic soap opera between two ex-partners and close friends takes another sharp turn here, as Rick Burton Launch a competition For digital artists to create an NFT to point out crypto heartbreaker Hayden Adams being vandalized by a rhino or “something else totally funny to the press.” Within 24 hours, three winners will be selected to share their prize pool of 0.66 Ethereum (ETH).

Currently, the leading NFT art piece by voting is “Hayden gets f*#$% from a unicorn,” Beautifully drawn by an NFT artist Anders. The illustration depicts Mr. Adams being hacked from behind by a happy unicorn. If she wins, she will bring the author 0.33 Ethereum (ETH), which is equivalent to $542 at the time of this post.

on the flip side

  • Plaintiff Rick Burton also admitted that he declined a settlement offer from Hayden Adams before the $UNI token was launched.
  • Mr. Burton considered the terms of the agreement “offensive,” as it would sever public association with the crypto entrepreneur.
  • Rick Burton He was forced to step down As CEO of Balance before Uniswap rose to huge success and became the leading DeFi cryptocurrency exchange.

Why should you bother

Uniswap is DeFi crypto protocol is very successful Aggregate exchange rates from multiple sources. Uniswap’s native cryptocurrency was initially listed at just $0.26 and has risen to $6.78 today.

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