NFT Rug Pulls – What Are They and How to Avoid Them?

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. This scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls has become real. This article looks at what rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of…

All There is to Know About Rug Pull in Crypto

There is nothing as frightening to any investor as a financial scam, especially one that wipes out one's entire investments in a project. Such occurrences aren't just an enclave of cryptos either. The 2008 stock market crash caused by the too big to fall Lehman Brothers caused a devastating wipe-out of people's savings globally. The rug pull scam is one such frightening scam, though it's not quite to the scale of the massive mainstream financial crisis that sends entire economies…