Rug pull

A rug pull is a crypto scheme in which the developers withdraw the liquidity backing a token, or mint unlimited new supply, leaving holders with an asset that has no bid at any price.

manipulation techniques · updated 2026-11-06

Where does rug pull come up?

This term is used in the following manipulation techniques, each explained in full on its own page.

• Rug pulls — A rug pull is a crypto scheme in which the operators withdraw the liquidity backing a token, or mint unlimited new supply, leaving holders with an asset that cannot be sold at any price.

Enforcement actions involving these techniques

See also

• Liquidity pool — A liquidity pool is a smart contract holding two or more assets against which traders swap, with prices set by a formula rather th…
• Token — A token is a unit of value recorded on a blockchain. Whether a particular token is a security is a legal question decided on its e…

Terms that refer here

Liquidity pool

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