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Glossary

Rug Pull Meaning: What Does Rug Pull Mean in Crypto?

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Definition

Scam where developers abandon project with investor funds

Squid Game tokens 2021 $3M rug highlighted DEX risks; red flags include locked liquidity and anonymous teams—DYOR is key. Types: Liquidity pull, code exploits. Losses: $10B+ since 2020. Prevention: Audits, vesting, community oversight.

Keywords

  • Advanced Concepts