Rug Pull
securitybeginner
Definition
A scam where the founders of a project suddenly drain its liquidity or treasury and disappear, leaving holders with worthless tokens. The term comes from 'pulling the rug out from under you'.
Example
Squid Game Token (2021) was a textbook rug pull: token rose 300,000% in a week, then developers drained $3M liquidity and vanished.