Rug pulls and other crypto scams

A “rug pull” happens when the people behind a token suddenly remove its liquidity or dump their holdings, leaving buyers with tokens that cannot be sold for anything meaningful.

Common scam types

Liquidity rug pull — creators withdraw the pool.
Dump — insiders holding a large share sell all at once.
Honeypot — contract code lets people buy but blocks selling.
Fake airdrop — “claim your free tokens” sites that drain wallets.
Impersonation — fake websites or accounts copying a real project.

Red-flag checklist

Anonymous team with no track record.
Mint or freeze authority still active.
A handful of wallets hold most of the supply.
Pressure to act fast; promises of guaranteed returns.
Requests to connect a wallet to an unfamiliar site.

If something promises easy money, the safest assumption is that you are the source of that money.

Educational content. Not investment advice.