<ul><li>A rug pull is a scam in the cryptocurrency space where project creators vanish with the funds, leaving behind worthless digital assets.</li><li>Rug pulls often occur in decentralized finance (DeFi) due to the lack of rules and vetting, making it easier for scammers to exploit investor trust.</li><li>These scams come in different flavors and have hit hard in recent years, resulting in significant financial losses for investors.</li><li>To protect yourself from rug pulls, it is important to exercise caution, verify the credibility of projects, and stay informed about potential scams.</li></ul>

What is a Rug Pull? Unmasking Crypto’s Sneakiest Scam

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