Beware of ‘soft rugs’ — a growing menace in decentralized finance
Developers dumping tokens and making off with the proceeds is the latest scourge to plague DeFi. The decentralized finance ecosystem has been plagued by a variety of known scams and exploits for some time, with yet another coming in the form of what is known as a “soft rug”.Those that have been dabbling in DeFi for some time will be familiar with the term “rug pull”. This generally refers to the abandoning of a project by insiders or developers who remove liquidity from pools or vaults on decentralized exchanges and disappear with the funds.A related malfeasance to plague the emerging....
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