*Crypto Speak: Exit scam*

This is a scam in which the developers of a project disappear with the collected investments without fulfilling their promised obligations.

This can happen in different forms: Developers can disappear after an ICO, collapsing the market value of tokens, or after raising funds for the development of the project without launching it.

The key signs of an “exit scam” are a lack of transparency, promises of unrealistically high returns, and the anonymity of the project’s creators.

An exit scam resembles exit liquidity, and exit liquidity resembles a rug pull. In general, scams related to liquidity collapse are common in the crypto world.#BinanceTournament #Write2Earn! #BinanceTurns7