A rug pull in crypto is a deceptive maneuver where the creators of a cryptocurrency project suddenly abandon it and take all the investors’ money. The rug pull meaning refers to this sudden exit, which leaves investors with worthless tokens. The rug pull definition highlights it as a scam where project developers pull the “rug” out from under their investors after gaining their trust and funds. This matters a lot because it causes people to lose their money and makes it harder to trust new crypto projects.
This guide explains what a crypto rug pull is and the common types of rug pull scams. We’ve also explored how to detect rug pull crypto scams by checking project teams, liquidity, and smart contract codes.
What Is a Rug Pull?
A rug pull scam in crypto is a type of ..
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