Lost Trust: Anatomy Of A Crypto Rug Pull
A rug pull. The very name conjures images of someone having the ground swept out from under them, leaving them sprawling and vulnerable. In the world of cryptocurrency and decentralized finance (DeFi), this analogy is frighteningly apt. Rug pulls are a malicious type of exit scam where developers abandon a project and abscond with investors' funds, leaving behind a worthless token or platform. Understanding what rug pulls are, how they work, and how to spot them is crucial for anyone participating in the Crypto space. This blog post will delve into the anatomy of a rug pull, providing you with the knowledge to protect your investments.
Understanding the Rug Pull
What is a Rug Pull?
A rug pull is a form of fraud in the cryptocurrency space where developers create a cryptocurrency or token ...