Rug pulls are usually executed by cruel scammers who construct hype around their coins and then abandon the project, sprinting away with the money. These cryptocurrencies are generally done on trustworthy utility blockchains like Ethereum or Binance Chain .11 Şub 2022
Read moreCan a Bitcoin rug pull?
Rug pulls are a lucrative scam in which a crypto developer promotes a new project—usually a new token—to investors, and then disappears with tens of millions or even hundreds of millions of dollars.2 Mar 2022
Read moreIs Luna rug pull?
Solana sees first rug pull: Luna Yield disappears with $6.7M in digital currency . The Solana blockchain has experienced its very first rug pull. Luna Yield ($LUNY), a yield aggregator launched via the Solana launchpad ‘SolPad,’ has disappeared with roughly $6.7 million worth of various digital currencies.
Read moreAre NFT rug pulls illegal?
Hard rug pulls are illegal . Soft rug pulls are unethical, but not always illegal. For example, if a crypto project promises to donate funds but chooses to keep the money instead, that’s unethical but not illegal.
Read moreIs Solana a rug pull?
A rug pull is a type of exit scam in which developers, who typically remain anonymous, abruptly leave a project and run off with investors’ money . This type of scam is all too common in the NFT space on both Ethereum, the leading blockchain network for NFT trading, and Solana.
Read moreWhere can I buy LunaFox?
How to buy LunaFox
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