Rug Pull
What is Rug Pull
A rug pull is a sort of cryptocurrency scam that takes place when a team pumps the token for their business before vanishing with the money and leaving their investors with a worthless asset.
Rug pulls occur when dishonest developers create new crypto tokens, inflate their worth, and then extract as much value as they can before leaving them when their value reaches zero. Rug pulls are a sort of decentralized finance (DeFi) exploit and exit scam.
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