A crypto rug pull is a type of scam in the cryptocurrency world where the developers of a project suddenly withdraw all their funds from the project's liquidity pool, causing the value of the associated token to plummet. This leaves investors with worthless tokens and often results in significant financial losses. Rug pulls typically occur in decentralized finance (DeFi) projects, especially those that involve newly created tokens with minimal regulatory oversight.
Is Worldcoin a rug pull?