Crypto Rug Pulls: What They Are & How to Not Get Wrecked

Ever been ghosted?
Now imagine getting ghosted after you sent someone your entire life savings.
Yeah. That’s a rug pull. Let’s talk.


What even is a rug pull?

It’s when a crypto project hypes itself up, takes your money, then straight-up vanishes.
Team dips. Project dead. Token worthless. You’re left holding digital trash.

Basically: “Thanks for the funds, loser” — Scammy devs, probably

How do they get you?

• They act like everything’s legit.
• Use fancy buzzwords
• Partner with influencers
• Promise insane gains
• Drop NFT exclusives
• Start a Discord full of cult vibes

You’re thinking, “Wow, this is the next Bitcoin.”
Nah fam. It’s the next trap.

Types of Rug Pulls (aka how they steal yo bag)

1. Liquidity Pulls
They yank the money out of the pool → token price crashes → you’re broke.

2. Fake Projects
They build a fake vibe, collect funds, peace out. No product. No hope.

3. Pump & Dump
They hype the token, pump the price, dump their bags at the top.
You? Left in the dirt.

4. Team Exit
They dip suddenly. Website? Gone. Socials? Deleted. Support? LOL.

5. Soft Rug
The slow fade. They stop building, stop tweeting, and quietly ghost. You realize too late.

How NOT to get rug-pulled

You don’t need to be a tech bro to avoid scams. Just follow this:
1. DYOR (Do Your Own Research)
Look into:
√ Who’s behind it?
√ Do they show their faces?
√ Do they even exist?

2. Audit Check
Good projects get real third-party audits.
No audit = redflag

3. Community Vibes
Active, helpful Discord or Telegram = good.
Bots, hype-only talk, or cult leader vibes = bounce.

4. Red Flags
✓ “Guaranteed 1000% APY”
✓ “Buy now before it’s too late”
✓ “We’re revolutionizing DeFi” (but no product)

5. Chill on the FOMO
If it smells fishy, it probably is.
Don’t ape in. Don’t invest more than you’re cool losing.

The Hall of Shame (Top Rug Pulls in History)

1. OneCoin — A whole-ass Ponzi scheme that stole $4 BILLION.
2. Thodex — Turkish exchange. Founder dipped with $2B.
3. AnubisDAO — Meme coin + fake promises = everyone got wrecked.
4. Uranium Finance — Drained all the funds, then ghosted.
5. Squid Game Token — You could buy it… but you couldn’t sell it. Game over.

Real Talk

Rug pulls ain’t just annoying — they’re brutal.
Billions gone. No refunds. No support.
Just regrets and memes.

But if you keep your BS radar sharp and your wallet tighter than your trust issues,
you’ll be alright.

Wrap-up?
Crypto’s like dating apps:
✗ Looks promising
✗ Talks big
✗ Ghosts you after one wrong swipe

So don’t get played.
Stay woke. Stay skeptical. Stay secure.