Rug Pull

« Back to Glossary Index

It is a type of scam where the developers quit a project and take the money of their investors. It is a malicious maneuver in the crypto industry. It usually occurs in the decentralized finance (DeFi) ecosystem, especially on the DEXs where the threat actors create a token and list it on the DEX and then follows pairing it up with a leading cryptocurrency such as Ethereum (ETH).

Read More.

« Back to Glossary Index

Check Also


Flow Gains Continue After Partnership With Instagram

« Back to Glossary IndexFlow Blockchain recently secured a partnership with a Meta-owned social media …