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6 ways to spot a rug pull in crypto � How to avoid scams!A rug pull is a term for a scam in the crypto space where traders are left hanging with worthless assets. Here's how to avoid it. Rug pulls are a type of crypto scam where a project's team or founder abandons the project and suddenly disappears, taking all of the invested. In the cryptocurrency world, a rug pull is a malicious act, or a scam, where crypto developers quit a project and exit with the investor's capital.
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