Rug pull

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

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

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.