A Rug Pool is when a project drains and steals all the liquidity of its cryptocurrency, leaving investors of the asset with nothing.
Rugging is a sad but popular term used very frequently. Due to the decentralised nature of crypto, this enables anyone to create and launch cryptocurrencies. The term Rug Pool is used when a project drains and steals all the liquidity of its cryptocurrency, leaving investors of the asset with nothing.
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