A rug pull is a type of crypto scam where developers abandon a project after raising funds from users. This often involves removing liquidity, disabling trading, or draining smart contracts. Rug pulls are most common in DeFi and low-quality token launches. They highlight the risks of investing in unaudited or anonymous projects. Awareness of rug pull patterns is crucial for managing crypto risk.
Coinbase has formed an independent advisory board of cryptography and quantum experts to evaluate long-term risks that quantum computing could pose to Bitcoin and blockchain security.
Hundreds of crypto wallets across EVM-compatible chains have been drained in an ongoing attack, with investigators yet to identify the root cause or point of compromise.