General
rugpull
What does rugpull mean?
A very real risk in speculative crypto, not just a meme.
"Always check the contract to avoid a rugpull."
Origin
"Rugpull" comes from the idiom "pull the rug out," describing crypto and NFT scams where developers abandon a project and take the funds. It became standard Web3 vocabulary as such scams proliferated.
Frequently asked questions
What does rugpull mean?
A rugpull is a crypto scam where developers abandon a project and run off with investors' money.
Where did rugpull come from?
It comes from the idiom "pull the rug out" and became standard Web3 slang as such scams spread.
What does getting rugged mean?
It means being scammed by a rugpull — losing your money when a project's team disappears.
How do you avoid a rugpull?
Common advice is to research the team and check the contract, though no method is foolproof.
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