Rug Pull

What Does “Rug Pull” Mean? Understanding This Crypto Scam In the fast-paced world of cryptocurrency and decentralized finance (DeFi), new terms and concepts emerge constantly. One such term, and a particularly important one to understand, is “rug pull.” The idiom “rug pull” refers to a malicious maneuver where developers of a cryptocurrency project abruptly abandon […]

What Does “Rug Pull” Mean in the World of Cryptocurrency? The term “rug pull” has become increasingly common in the cryptocurrency space, and it’s essential to understand what it means, especially when dealing with decentralized projects like those built on Zcash or related to ZEC. A rug pull is a malicious maneuver where developers abandon