DeFi Rug Pull Prevention Tips: How to Protect Your Cryptocurrency From Scams
A rug pull happens when developers abandon a cryptocurrency project and steal investor funds. This typically occurs in decentralized finance (DeFi), where there’s minimal regulatory oversight and no traditional safeguards. The term comes from the phrase “pulling the rug out from under someone,” meaning leaving people with nothing. DeFi rug pulls have cost investors billions […]
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