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Moonrock Founder Criticizes Circle's Axelar Team Acquisition as 'Another RUG'

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Moonrock Capital founder Simon Dedic slammed Circle’s acquisition of Axelar’s **project team**, calling it “another RUG.” He called the exclusion of the Axelar Foundation and AXL **token** “criminal” and ethically wrong. Dedic urged **token** founders to treat their assets like equity or exit. Circle had previously acquired Interop Labs, the **project team** behind Axelar, but left the network, foundation, and **token** out of the deal.
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