How to Avoid ‘Rug Pulls,’ the Latest Cryptocurrency Scam
A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” The scam, which gets its name from the expression “pulling the rug out,” involves…
Andy Rosen is a NerdWallet investing writer. He has more than 15 years of journalism experience as a reporter and editor at organizations including The Boston Globe and The Baltimore Sun. Andy has covered topics such as technology, business, politics and breaking news. He earned a bachelor’s degree in journalism from the University of Massachusetts Amherst. Email: [email protected].
A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” The scam, which gets its name from the expression “pulling the rug out,” involves…
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