Rug Pull

Rug Pull is a fraudulent maneuver in the crypto world. Developers create a seemingly legitimate project to attract investments. They boost its value through marketing and hype. Once sufficient funds are secured, they withdraw all liquidity from the project. This leaves investors with worthless tokens and no recourse. Rug Pulls exploit the decentralized nature of crypto, making it difficult to trace and recover funds. Prevention involves thorough research, checking project legitimacy, and avoiding deals that seem too good to be true. Always be cautious and verify project credibility before investing significant resources.