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PARAGRAPHCryptocurrency rug pull crypto pulls are an unfortunate but common occurrence in usecookiesand of The Wall Street Journal, a rug pull. The scheme was run by policyterms of use The cryptto promised high returns to investors, but it was.
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What Is a Rug Pull? [ Rug Pull Explained with Animations ]Rug pulls are an �exit scam� in which developers make promises, then quickly �exit� with investors' funds. Exit scams can fall into a legal gray. The definition of a rug pull is a malicious maneuver in the cryptocurrency industry where crypto developers abandon a project and run away with investors' funds. Rug pull | Definition: A rug pull in the crypto industry is when a development team suddenly abandons a project and sells or removes all its liquidity.