Token sale scam (rugpull)

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Token sale scam or more commonly known as "rugpull" type of a crypto scam where a victim is tricked into buying a malicious token that is coded in a way that one is not able to sell it after the purchase.

Usually a scammer announces a new token/protocol launch on reddit/4chan/telegram group and directs victims to Uniswap or its equivalent for a token purchase.

A great place to monitor all the token sale rugs real time is https://twitter.com/rugnation1


Rugpull might also refer to various other less direct ways of protocol users/token buyers being exploited or scammed by the developers of a said protocol/token.