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What Is a Rug Pull? [ Rug Pull Explained with Animations ]The definition of a rug pull is a malicious maneuver in the cryptocurrency industry where crypto developers abandon a project and run away with investors' funds. A rug pull is a type of scam in the crypto world. In a rug pull, the creators of a cryptocurrency, token, or NFT suddenly withdraw all their funds from the. Rug pulls are an �exit scam� in which developers make promises, then quickly �exit� with investors' funds. Exit scams can fall into a legal gray.
