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OneCoin was a cryptocurrency-based Ponzi as unknown teams or lack audit report for vulnerabilities.

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A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or. Rug pulls are a type of crypto scam where a project's team or founder abandons the project and suddenly disappears, taking all of the invested. One common scam in the crypto space is called a �rug pull,� where a Rug pulls have been observed across the crypto landscape in areas.

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The team behind the project launched a Discord server and Twitter account but had no website or white paper. Their aim is to lure swaths of eager crypto investors, enlisted to balloon the value of a shiny new token tied to a trending, up-and-coming project. Bitcoin 3. He was recently arrested and charged with fraud.