Rug pull

From DefiLlama
Revision as of 13:44, 27 April 2022 by Sov (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

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]

References

  1. ↑ https://academy.binance.com/en/glossary/rug-pull
Retrieved from "https://wiki.defillama.com/w/index.php?title=Rug_pull&oldid=1025"