For the uninitiated, a rug-pull is a coordinated effort by a concentrated group to sell their crypto holdings at a price they are content with, leaving the foolish masses with nothing but losses. The mighty crypto visionary kingpins, Sam Bankman-Fried of FTX infamy and Do Kwon of the Terraform fraud, once venerated by their “crypto bros,” are now in the oldest non-digital place: jail. --- "....a rug-pull is a coordinated effort by a concentrated group to sell theirholdings at a price they are content with, leaving the foolish masses with nothing but losses."
Author: The Hill
Published at: 2025-10-11 20:59:41
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