Uniswap founder responds to "former Balance CEO's accusation": Richard voluntarily gave up the investment opportunity

Written by: Hayden Adams, Founder of Uniswap

Compiled by: Babywhale, Foresight News

In response to the “accusation” from former Balance CEO Richard Burton, Uniswap founder Hayden Adams provided the following remarks:

1/ Ric is one of the many early supporters I met about 8 months after developing Uniswap.

2/ I have hesitated to refute his claims because he is currently suing me (most of his claims have been dismissed), but I still want to share some details to help clarify the facts.

3/ Ric had the opportunity to invest in Uniswap; I gave him a SAFE with the amount left blank so he could fill in the amount he wanted to invest. He did not invest and stated it was because Balance's funds were only enough to support for 1 month at that time.

4/ Ric confused the timeline and facts, conflating his refusal to invest with his prior funding. To clarify, he funded me early on and later declined the investment opportunity. When I later proposed to pay him back in full, he refused.

5/ Ric's claim that it was his suggestion for me to get funding from Paradigm is also false. I met Paradigm researcher Dan Robinson in the apartment of Flashbots co-founder Phil Daian before I knew Ric, and we became friends, with Dan introducing me to Paradigm after joining.

6/ Ric's assertion that his breach of contract claim will be heard is also a lie; this claim has been dismissed by the judge and is a matter of public record.

7/ I could go on; there are many lies in his recent tweets. That said, I ultimately stopped communicating with Ric because of how he treats those around him, including my colleagues and friends.

8/ Nevertheless, I appreciate Ric's contributions to the development of Uniswap. I also believe he will continue to lie about the thread I posted, but I will not respond further.