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rug pulls
Crypto Adds Unsavory Footnote to Dreadful 2022: Year of the Rug Pull
Fraudsters deployed over 117,000 scam tokens from January through Dec. 1, a 41% increase over the full 2021, according to study from Solidus Labs.
Crypto Market’s Near-Apocalypse in 2022 Turns Zombie Tokens Into Dead Coins
The number of cryptocurrencies has dropped by about 1,000 since February, the biggest-ever decline, according to Statista. Often tokens are removed from pricing sites like CoinGecko because they're no longer trading – even if they still technically exist on the blockchain.
Videos
Chainalysis: DeFi ‘Rug Pull’ Scams Pulled in $2.8B This Year
Crypto investors in 2021 lost over $2.8 billion to “rug pulls,” a colloquial term for a type of crypto scam, according to Chainalysis. This year, the rise in scams reportedly mirrored a general rise in cryptocurrency prices. “The Hash” panel discusses the latest story highlighting the growth and risks of DeFi.
