rug-pull
rug-pull · rug-pulls
A sudden revelation that completely contradicts the assumptions one has been led to…A sudden revelation that completely contradicts the assumptions one has been led to believe.
/ˈrʌɡˌpʊl/
Meaning
2 senses(figuratively)A sudden revelation that completely contradicts the assumptions one has been led to believe.
A fraud or scheme where the leaders of a project or company (especially in cryptocurrency) deceive others into investing, before the project or company is abandoned or found to lack value.
Origin
A back-formation from pull the rug out from under.A back-formation from pull the rug out from under.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: rug-pullsWord family
1 related wordsRelatedplot twist