The Anatomy Of A Rug Pull: Prevention & Recovery
A rug pull. The term alone conjures images of sudden, chaotic falls. In the world of cryptocurrency and decentralized finance (DeFi), it's a harsh reality – a malicious maneuver where developers abandon a project, taking investors' funds with them. It’s a devastating blow that can leave individuals and communities financially ruined. Understanding what a rug pull is, how to identify one, and what precautions to take is crucial for anyone navigating the complex landscape of digital assets. This guide will delve into the intricacies of rug pulls, equipping you with the knowledge to protect yourself from becoming the next victim.
What is a Rug Pull?
Defining a Rug Pull
A rug pull is a type of scam in the cryptocurrency and DeFi space where developers abruptly abandon a project, liquidate all ...