What is Rug Pull

There is nothing as frightening to any investor as a financial scam, especially one that wipes out one's entire investments in a project. Such occurrences aren't just an enclave of cryptos either. The 2008 stock market crash caused by the too-big-to-fall Lehman Brothers caused a devastating global wipe-out of people's savings. The rug pull scam is frightening, though it's not quite to the scale of the massive mainstream financial crisis that sends entire economies reeling back several years. So what…