Anso Finance Rugpull Dispute as Developer Alleges Founders Used Fake Identities
Anso Finance, a Solana-based DeFi project that claimed to be developing staking services, tokenized real-world assets, and a crypto debit card, was rugpulled shortly after the $ANSO token launched on Raydium on August 7, 2025. The presale raised about $1.5 million.
The project’s founders accuse blockchain developer Hamza Yasin of draining tokens from vesting, staking, and reserve smart contracts, taking the website offline, and attempting to delete the official Twitter account. They have announced a recovery plan, which includes a new ANSO smart contract, reinstating a $ 350,000 liquidity pool, fully compensating stakers, and reimbursing all holders. However, following the rugpull, the LinkedIn profile of one co-founder disappeared from the platform, while the other founder's profile never existed there.
Yasin denies involvement, alleging he was set up by the founders using fake identities and shared wallet upgrade authority to insert a drain function into the vesting contract and overwrite the staking contract bytecode. He provided transaction links and screenshots, he says support his claims.
The dispute now includes technical allegations, fake identity claims, and reported legal action. A screenshot shared by Yasin also shows a message from an account named “Sonnydoesit,” alleged to be one of the founders, containing a derogatory and racially charged remark.
This case highlights the risks in early-stage crypto projects, even when teams present themselves as fully transparent.
** The full article was originally published on TheHolyCoins, a crypto news platform focused on early-stage projects, token launches, and presales.
