In the cryptocurrency market, the term “rug pull” means a theft in which the owners of a cryptocurrency project abandon it after stealing investor money. The term vividly conveys the feeling of investors who were promised a bright future in cryptocurrency riches.
A fraudulent or deceptive cryptocurrency or ICO. Scammers try to steal your money or personal data. Scams may often come through apps or social media from real people, bots or commercials. Scammers often make false promises, such as opportunities to buy products or invest your money.