Moonrock founder comments on Circle's acquisition of Axelar team: This is yet another disguised form of RUG (Russian Conflict).

Odaily Planet Daily reports that Simon Dedic, founder of Moonrock Capital, commented on Circle's acquisition of Axelar in an article on X, stating: "Another acquisition, another RUG. Circle acquired Axelar while explicitly excluding the foundation and AXL tokens, which is practically criminal. Even if it doesn't break the law, it violates ethics. If you're a founder who wants to issue tokens: either treat it like equity, or get out of here."

Previously, Circle announced the acquisition of Interop Labs, the initial development team of Axelar, but Axelar Network, Axelar Foundation, and AXL tokens were not included in this acquisition.