Tag: DeFis Unseen Risk:

The world of cryptocurrency and decentralized finance (DeFi) offers exciting opportunities for innovation and financial growth, but it's also rife with risks. Among these, the "rug pull" stands out as a particularly damaging and often devastating scam. Understanding what a rug pull is, how it works, and how to protect yourself from one is crucial for anyone participating in the crypto space. This article delves into the details of rug pulls, providing you with the knowledge and tools needed to navigate the digital asset landscape safely. What is a Rug Pull? Definition of a Rug Pull A rug pull is a malicious maneuver in the cryptocurrency space where developers abandon a project and abscond with investors' funds. Think of it as pulling the rug out from under someone – investors are left wit...