Rug pull scams are a type of crypto scam that involves a developer or creator promoting a project such as a new coin or NFT release and then disappearing with investor money. In this video, we discuss how rug pull scams work, how to spot them, and how to protect yourself from falling victim to them. We also explore the damage caused by a recent rug pull scam that resulted in $1 million in losses. By staying informed and vigilant, you can protect yourself from the latest crypto scams, including rug pull scams. #rugpull #crypto #scam #DeFi #NFT #Web3 #metaverse #decentralized finance #non-fungible #tokens #cryptocurrency #investor #scam #fraud #security #protection #loss #damage #Chainalysis #earlyaccess #investors #pseudonymous #decentralized
