The Rug Pull: A Million-Dollar Scam With A Fake Token Factory


In the dynamic realm of cryptocurrency, recent events have highlighted the ever-present threat of Rug Pulls—deceptive maneuvers that leave investors empty-handed.

Threat Intel Blockchain system, developed by Check Point, recently sounded the alarm on a sophisticated scheme that managed to pilfer nearly $1 million. Let’s delve into the details of this elaborate crypto con and understand how it unfolded.

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Source: Check Point