Written by: Hayden Adams, Founder of Uniswap

Compiled by: Babywhale, Foresight News

In response to the “accusation” of Richard Burton, former CEO of Balance, Uniswap founder Hayden Adams responded:

1/ Ric was one of many early supporters I met about 8 months into developing Uniswap.

2/ I've been hesitant to refute it because he's currently suing me (most of his lawsuit has been dismissed), but I still wanted to share some details to help set the record straight.

3/ Ric once had the opportunity to invest in Uniswap, and I gave him a SAFE without an amount filled in so that he could fill in the amount he wanted to invest. He did not invest, and said that it was because Balance’s funds were only enough to support 1 month at the time.

4/ Ric mixed up time and facts, conflating his rejection of investment with his previous funding. To clarify, he gave me a grant very early on, and later rejected the investment opportunity. When I later offered to pay him back in full, he refused.

5/ Ric's suggestion that I raise money from Paradigm was his is also false. I met Paradigm researcher Dan Robinson at Flashbots co-founder Phil Daian's apartment before I met Ric, we became friends, and Dan introduced Paradigm after he joined.

6/ Ric’s assertion that his breach of contract claim would go to trial is also a lie, it has already been rejected by the judge and is a matter of public record.

7/ I could go on and on, there are so many lies in his recent tweets. That being said, I eventually stopped contacting Ric because he treated people around him, including my coworkers and friends, poorly.

8/ Nevertheless, I still thank Ric for his contribution to the development of Uniswap. I also believe that he will continue to lie about the thread I sent, but I will not respond again.