Part 1/7:
The Mechanics of a Cryptocurrency Rug Pull
In the world of cryptocurrency, the term 'rug pull' describes a situation where developers create a token, promote it effectively, and then withdraw all the liquidity, leaving investors with worthless coins. A recent video outlined a method for executing such a scheme, albeit humorously claiming it was for educational purposes. Let's delve into the mechanics discussed, while noting the ethical implications of such actions.