What is rug pull?

Derived from the idiom “pull the rug out”

“Rug pull” in the crypto world refers to the sudden withdrawal of liquidity and support from a newly launched project by a development team, leaving investors with worthless tokens. “Rug pull” is quite common in the DeFi (decentralized finance) world and many investors, both new and experienced, have fallen victim to it.

See details: What is a rug pull? Signs of a “rug pull”?

Translations

Vietnamese: Rug pull là gì?