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How to Detect Crypto Rug Pull?
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[QUOTE="Jasz, post: 225753, member: 61772"] Detect Crypto Rug Pull Cryptocurrency rug pulls are a very real threat to your financial future, but they do not have to be. There are ways that you can detect crypto rug pulls early on so you can protect yourself and your money. The first step is to understand what a crypto rug pull is and why it happens. In this guide, we'll show you how to detect and avoid these scams. A rug pull is a coordinated event with the goal of stealing money from people who invested in an ICO or an IEO. The main idea behind a rug pull is to collect a certain amount of money, and then simply withdraw that money by closing the project. Usually, people who execute rug pulls try to escape negative publicity by hiding the fact that they are no longer working on their projects. Because of that, it can be very hard to detect them beforehand as you don't see any obvious signs of a scam until it's too late. As mentioned above, there are many ways to spot a fake project. However, we will focus on four main aspects: the real address of the team, social media presence, trading volume and listing platforms. Let's take a closer look at each one of those and see what you should be looking for. [/QUOTE]
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