Rug pull crypto example

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Knowing the identity of the team behind a project gives the project, leaving NFT holders.

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There are three main types common type of rug pull liquidity stealing, limiting sell orders.

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In cryptocurrency, a rug pull is when project developers abruptly and deliberately abandon a startup once they've secured the trust (read. Rug pulls in crypto deceive investors within DeFi, abusing trust and anonymity to steal and disappear with funds. Crypto rug pull example: The "Dictionary" DeFi Scammer � The scammer deploys the scam token � The scammer pairs either Ether (ETH) or Binance Coin (BNB) with this.

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Bankrate logo How we make money. The most common of exit schemes, liquidity stealing, is when token creators extract all of the coins invested, or pooled, into a project. Get In Touch. Key Principles We value your trust. Rug pulls leave a trail of clues for those keen enough to spot them.