WebAug 24, 2024 · A rug pull is a type of scam in the crypto industry that occurs when a crypto project’s team suddenly abandons a project after selling all their tokens and disappearing with the funds, leaving investors with a valueless asset. For a rug pull to be successful, unscrupulous developers will create a new crypto token, release it into the market ... WebA fork happens whenever a community makes a change to the blockchain’s protocol, or basic set of rules. Cryptocurrencies like Bitcoin and Ethereum are powered by decentralized, open software that anyone can contribute to called a blockchain. They’re called blockchains because they’re literally made up of blocks of data – picture a ...
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