Rug pull
Revision as of 13:44, 27 April 2022 by Sov (talk | contribs) (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>")
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]