Rug Pull

What is a rug pull?

Rug Pull Definition: A rug pull refers to a scam that occurs with cryptocurrency, which essentially scams investors out of an investment opportunity and their crypto assets. This “pulling out the rug” method works by inviting or attracting potential investors to a cryptocurrency project, only to pull out the rug or abandon the project, which leaves the interested investors without any value.

This scam essentially leaves crypto investors with a currency that is worthless.

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