Luna Yield

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.

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.

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