• 34ºc, Sunny

Uniswap Labs CEO denies agreement to deploy racketeering allegations

Hayden Abrams, chief executive of Uniswap Labs, dismissed claims that the platform charged $20 million for protocol deployments as "completely false". Abrams said he rarely deals with individuals seeking attention, explaining that protocol deployments typically follow a governance vote. He added that the prioritization of deployments depends on the activities and effort involved, but efforts are being made to reduce the amount of effort required per chain. The CEO's comments were in response to posts from social media accusing Uniswap Labs of extorting millions of dollars from entities seeking to deploy its protocols. One user said this alleged misconduct was widespread.