Rug pull
A scam in which the creators of a crypto project suddenly abandon it and abscond with investors' funds, often after hyping the token to inflate its price. The name evokes pulling a rug out from under buyers; it is among the most common frauds in the space.
In the bookExplained in Chapter 29: Critiques and Skepticism: Hype, Scams, and Recentralization in Practice
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