TL;DR: 5600% increase in rug pull frauds from 2020 to 2021, according to Chainalysis. Rug pull doesn’t just cause financial losses to investors, but also deter the confidence of new users thus hindering the growth of the blockchain industry in general.What is Rug Pull?(If you know what is Rug Pull, skip to next paragraph)In short, rug pull is a theft where crypto developers abandon a project and run away with investors’ funds. Where it happens on any kinds of blockchain projects including DeF...