The most recent fraud method is crypto rug pull. Recently, a crypto rug pull report published by CNBC stated “Scammers all over the world swiped $14 billion in rug pull in 2021. Between 2020 and 2021, crypto-related scams increased by 79% and the loss of cryptocurrencies rose 516% from 2020 to $3.2 billion worth of digital money” Rug pulls or exit scams have become the go-to scam of the crypto and DeFi ecosystem. A rug pull is often done by fraudulent developers who create hype around a coin ...