26 Feb 2026
2


You said:

Rug pull

ChatGPT said:

A rug pull is a type of scam common in crypto and DeFi projects where developers suddenly withdraw funds or abandon a project after investors have put money into it — leaving investors with worthless tokens.
How a Rug Pull Works

  1. Developers create a new cryptocurrency/token.
  2. They promote it heavily (often via social media, influencers, hype).
  3. Investors buy in, driving up the price


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