Meaning of "Rug Pull"
This refers to a type of fraud in which a party involved in a joint project suddenly disappears, causing the project to be halted, while simultaneously misappropriating the victim’s assets without returning any investment or funds.
"The developer claimed they would update the information, but instead pulled a rug pull, leaving investors with no choice but to give up on recovering their funds for the time being."
Related slang words
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