Are rug pulls a scam?

In late 2021, the blockchain analytics firm Chainalysis reported that rug pulls "have emerged as the go-to scam of the DeFi ecosystem, accounting for 37% of all cryptocurrency scam revenue in 2021" for a total of at least $2.8 billion worth of crypto that year alone.

What happened to the Frosties NFT rug pull?

Investors hand over their cryptocurrency. Project developers vanish. Two alleged operators of the Frosties NFT rug pull have been arrested and charged by US law enforcement.

Who is Andrew Rupp and why was he arrested?

Police initially arrested Andrew Rupp at the scene for interference of official acts and possession of a controlled substance. He was later charged with his mother's murder.

Is THOREX a 'rug pull'?

It's not the whole story, either. Cryptocrime analysis firm Chainanalysis addressed Thorex specifically in its overview of 2021, in the wider context of a total $2.8 billion worth of crypto scams over this year being 'rug pulls': wherein a seemingly legitimate business is set up, operates as normal for a while, then suddenly all the money is gone.