Article 5T4G6 Cryptocurrency 'rug pulls' cheated investors out of $8bn in 2021 – report

Cryptocurrency 'rug pulls' cheated investors out of $8bn in 2021 – report

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from The Register on (#5T4G6)
Story ImageSomehow people keep buying into dodgy crypto projects that vanish with investor funds

First, come up with a catchy name for a cryptocurrency project. Next, convince the credulous to buy associated digital tokens. Finally, abandon the project and keep investors' funds....

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