Rug Pull: How to Spot and Avoid Crypto Scams

When you hear the term rug pull, a type of crypto scam where developers abandon a project and drain all liquidity. Also known as an exit scam, it’s one of the most common ways investors lose money in DeFi and new token launches. It’s not just about a coin crashing—it’s about the team disappearing with your funds, often after promising big returns and fake partnerships.

A rug pull happens when a project’s creators control the liquidity pool. They lure people in with hype, fake roadmaps, or celebrity endorsements, then pull the plug. Once enough money is locked in, they sell their tokens, drain the pool, and vanish. You’re left with a worthless token and no way to trade it. Projects like ComethSwap, a decentralized exchange with low trust and suspicious fees, and AMATERAS (AMT), a token with no team, no whitepaper, and almost no trading volume, are textbook examples of what to avoid. These aren’t isolated cases—they’re part of a pattern seen across hundreds of low-liquidity tokens on Binance Smart Chain and other chains.

Not all scams look the same. Some rug pulls are obvious: anonymous teams, no audits, locked liquidity that’s suddenly unlocked. Others are sneaky—fake audits, cloned websites, or influencers paid to push a token before the dump. Even projects that start legitimate can turn into rug pulls if the team gets greedy. That’s why checking the team’s history, reading the contract, and watching liquidity changes matters more than any price chart. You don’t need to be a coder, but you do need to ask: Who’s behind this? Where’s the money? And why is everyone suddenly rushing in?

Below, you’ll find real reviews and deep dives into projects that either pulled off a rug pull or narrowly avoided one. We cover failed exchanges, fake airdrops, and tokens with zero fundamentals. These aren’t theories—they’re documented cases. If you’ve ever wondered why your crypto investment vanished overnight, the answers are here.