Critical Research Report About Uniswap!

earlier this week Uniswap It turned out that a research report prepared on the platform contained serious allegations.

According to this research 97.7% of tokens launched on @Uniswap were rugs. https://t.co/l3OPF1U5vw pic.twitter.com/n7G2ibiVtf

— drnick 🗳️² (@DrNickA) October 31, 2022

According to the report prepared by the research assistants of the University of Pompeu Fabra in Spain DeFi 97% of cryptocurrencies listed on Uniswap V2 “rugpull” was detected.

Rugpull is a generic scam term used in crypto. The malicious owners of crypto projects draw investors into the project by making a series of speculations. The developers, who hold the majority of the tokens that have gained an astronomical amount of value, sell what they have and leave the project to the investor.

One of the academicians who prepared the research report, Dr. Bruno Mazorra gave an interview to the sources about the content of the report. Mazorra explained that her research looks at how scammers earn money using cryptocurrencies, and the situation is quite worrying.

Reactions from the DeFi Industry to the Report

The DeFi report, prepared by Spanish academics, received different reactions from the industry. DeFi Pulse its founder, Scott Lewis, respected the opinion of the researchers, arguing that the definition of “rugpull” was not quite fair.

Stealthy Venture CEO Maya Zehavi said the following about the report:

“Asserting that 97% of Uniswap tokens are rugpull is like claiming that 97% of Twitter accounts are fake.”

Dr. Mazorra, on the other hand, announced after the reactions that their main purpose was not to denigrate Uniswap, but that they wanted to determine how artificial intelligence would be used to detect fraudulent tokens.