rugpull

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(rug-pull) 2 syllables

Definition

noun. a deceptive maneuver in which the creators or promoters of a cryptocurrency or NFT project abandon it and disappear with investors' funds.

Example Sentence

The investors were shocked when the project turned out to be a rugpull, leaving them with significant losses.

More Example Sentences

Many people are wary of new cryptocurrency projects due to the risk of a rugpull.

Synonyms

scam; fraud; deception

Antonyms

trust; transparency; honesty

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rugpull
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