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An exit scam or rug pull is a confidence trick, con job or fraud, perpetuated under the guise of a legitimate business, ...
Rug pulls. A “rug pull” is a crypto scam where the founders of a cryptocurrency basically just disappear one day and take all their tokens – your money – with them. A well-publicized rug ...
Rug-pulling in the decentralised finance (DeFi) ecosystem has recently risen to the top list of the most-used methods of defrauding investors out of their hard-earned money.
Given the encrypted nature of crypto wallets, there's no way to know whether the celebrities were in on the rug pulls, or simply victims of an unscrupulous promoter.
A "rug pull" is a scam, similar to an exit scam or a pump and dump scheme, in which the developers of an NFT or other blockchain project hype the value of a project to pump up the price and then suddenly sell all their tokens to lock in massive profits or otherwise abandon the project while removing liquidity, permanently destroying the value ...
In November 2021, Squid Coin gained sudden popularity, with its valuation soaring to $2,861 per coin. Marketed as a "play-to-earn cryptocurrency," it garnered immense attention and witnessed a meteoric rise in its price, surging by thousands of percentage points.
The episode has all the markings of a dreaded "rug pull"—crypto slang for a familiar scam where bad actors hype a new project to investors to drive up the price. They then sell off a stash they ...
A meme coin (also spelled memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic. [1]The term is sometimes used interchangeably with the term shitcoin, which typically refers to a cryptocurrency with little to no value, authenticity, or utility. [2]