Moonrock founder comments on Circle's acquisition of the Axelar team: This is yet another disguised RUG

ChainCatcher News, Moonrock Capital founder Simon Dedic commented on X regarding Circle's acquisition of Axelar, stating: "Another acquisition, another RUG. Circle acquires Axelar but explicitly excludes the foundation and AXL token—this is simply a criminal act. Even if it doesn't break the law, it violates ethics. If you are a founder planning to issue a token: either treat it like equity, or get out."

Earlier, it was reported that Circle announced the acquisition of Axelar's initial development team, Interop Labs, but Axelar Network, Axelar Foundation, and the AXL token are not included in this acquisition.