A rug pull, or exit rip-off, can happen when builders create and set up a liquidity pool after which take away the funds and disappear after traders have purchased the associated token. The entire worth of funds locked on Defrost Finance, which peaked at $95 million in February, was about $13 million in current weeks, Defi Llama knowledge present. That dropped to lower than $93,000 on Dec. 25.
