Cryptogeum
Published in

Cryptogeum

What happens in a crypto rug pull?

Ever since what critics are calling the Tsuzuki Inu crypto rug pull of a few days ago, I’ve been desperately trying to understand what exactly a “rug pull” even is. And under what circumstances it might constitute “fraud.” (Note: I’m neither a lawyer nor a financial advisor, so take what follows with a heaping pile of salt.)

The short version of what happens in a crypto rug pull that I’ve been able to…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store