Quote from: bhooscream on September 14, 2022, 11:37:15 PM

Quote from: Belinda1732 on September 10, 2022, 04:36:13 PM

Rug pull scams "pumping up" a new project, nonfungible token (NFT) or coin to get funding. After the scammers get the money, they disappear with it. The coding for these investments prevents people from selling the bitcoin after purchase, so investors are left with a valueless investment.

This rug pull scam is very common happening in the crypto business. However, this commonly uses both similar methods or even new methods. But finally, rug pull is coming and many people lose their money in that scam project.
(.....)

Most of these projects are using the same codebase or codes for their smart contracts and they just change the name or what just to lure people again to scam.
This is very worst, people must learn or know first what they are doing before putting their hard-earned money into these scam projects.
This will not end, for sure if this way will become popular and easy to identify as a scam, they will change it again or improve it just to make it looks legit.