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Live RUG PULL of $SQUID (Squid Game token) witnessed on Twitch!A rug pull is a term for a scam in the crypto space where traders are left hanging with worthless assets. Here's how to avoid it. Rug pulls are an �exit scam� in which developers make promises, then quickly �exit� with investors' funds. Exit scams can fall into a legal gray. In cryptocurrency, a rug pull is a common exit scam where the developers of a Web3 startup announce a project and attract external investors.