أحدث الأخبار والآراء والموجز الإخباري لليوم عن CtXC

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A News David Schwartz has shed new light on what makes up crypto rug pulls in the market. David Schwartz, Ripple Labs’ Chief Technology Officer, recently sparked a conversation about the true meaning of rug pulls. In an X post, Schwartz shared his thoughts on the controversial topic, setting up a discussion among his followers. Crypto rug pulls remains one of the significant issues that has plagued the blockchain and crypto space. Many high-profile cases have shown how serious the issue is. The Ripple CTO post highlights how important it is for Web3 founders to understand the context and control occurence. Ripple CTO and the New Take on Crypto Rug Pulls In crypto, a “rug pull” happens when project founders or developers abandon their venture, often after securing significant funds from investors. This act leaves backers with worthless tokens or an incomplete project, sometimes shattering trust in the crypto ecosystem. These scams have surfaced in various high-profile cases, highlighting the vulnerabilities of decentralized finance (DeFi) and the need for accountability. However, Schwartz pointed out that not all project failures should be called rug pulls. In his post, he addressed the misuse and overextension of the term. He argued that a rug pull occurs when key players in a project sell large amounts of tokens faster than investors reasonably expected. Such notable players may include founders, developers, or major stakeholders. This move often feels like a betrayal to those who believe in the project’s long-term goals. A rug pull can also occur when the team drastically reduces their involvement or abandons the project before delivering on their promises. This premature exit leaves investors stranded, with no roadmap or development, breaking their trust in the project. A situation like this was reported by Coinspeaker last February when the RiskOnBlast project allegedly scammed investors for $1.3 million. $BNB {spot}(BNBUSDT) $XRP {spot}(XRPUSDT) $CTXC {spot}(CTXCUSDT) #Ripple #Binance #ctxc #writetoearn #bitcoin

A News

David Schwartz has shed new light on what makes up crypto rug pulls in the market.

David Schwartz, Ripple Labs’ Chief Technology Officer, recently sparked a conversation about the true meaning of rug pulls. In an X post, Schwartz shared his thoughts on the controversial topic, setting up a discussion among his followers.

Crypto rug pulls remains one of the significant issues that has plagued the blockchain and crypto space. Many high-profile cases have shown how serious the issue is. The Ripple CTO post highlights how important it is for Web3 founders to understand the context and control occurence.

Ripple CTO and the New Take on Crypto Rug Pulls

In crypto, a “rug pull” happens when project founders or developers abandon their venture, often after securing significant funds from investors. This act leaves backers with worthless tokens or an incomplete project, sometimes shattering trust in the crypto ecosystem.

These scams have surfaced in various high-profile cases, highlighting the vulnerabilities of decentralized finance (DeFi) and the need for accountability. However, Schwartz pointed out that not all project failures should be called rug pulls.

In his post, he addressed the misuse and overextension of the term. He argued that a rug pull occurs when key players in a project sell large amounts of tokens faster than investors reasonably expected.

Such notable players may include founders, developers, or major stakeholders. This move often feels like a betrayal to those who believe in the project’s long-term goals. A rug pull can also occur when the team drastically reduces their involvement or abandons the project before delivering on their promises.

This premature exit leaves investors stranded, with no roadmap or development, breaking their trust in the project. A situation like this was reported by Coinspeaker last February when the RiskOnBlast project allegedly scammed investors for $1.3 million.

$BNB
$XRP
$CTXC
#Ripple #Binance #ctxc #writetoearn #bitcoin

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