Difference between revisions of "Rug pull"
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(Created page with "A rug pull in the crypto industry is when a development team suddenly abandons a project and sells or removes all its liquidity. The name comes from the phrase to pull the rug out from under (someone), meaning to withdraw support unexpectedly.<ref>https://academy.binance.com/en/glossary/rug-pull</ref>") |
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A rug pull in the crypto industry is when a development team suddenly abandons a project and sells or removes all its liquidity. The name comes from the phrase to pull the rug out from under (someone), meaning to withdraw support unexpectedly.<ref>https://academy.binance.com/en/glossary/rug-pull</ref> | A rug pull in the crypto industry is when a development team suddenly abandons a project and sells or removes all its liquidity. The name comes from the phrase to pull the rug out from under (someone), meaning to withdraw support unexpectedly.<ref>https://academy.binance.com/en/glossary/rug-pull</ref> | ||
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Latest revision as of 13:44, 27 April 2022
A rug pull in the crypto industry is when a development team suddenly abandons a project and sells or removes all its liquidity. The name comes from the phrase to pull the rug out from under (someone), meaning to withdraw support unexpectedly.[1]