Rug Pull is a popular scam tactic in the space of decentralized finance (DeFi) projects on blockchain. This term comes from the phrase “pull the rug out from under (someone)”, meaning “over the drawbridge” — a symbol of suddenness and loss. Rug Pull occurs when developers or development teams withdraw all investment from a project, […]
Rug pull scams are a type of online fraud that targets investors in decentralized finance (DeFi) projects or non-fungible tokens (NFTs). The scammers claim to have a legitimate project that offers high returns or unique features, but they secretly plan to abandon the project and take the investors’ money. Rug pull scams are named after […]
The team members who created Rug Pull Frens include,artist Raimochi, who has cooperated with aMEI to issue NFTs, Chen Mutian, co-founder of Cultural Bank,Community administrator Javi, marketing Vondoom, developer Mosano, and project manager Swi. Press enter or click to view image in full size Chen Mutian Press enter or click to view image in full […]