# rug-pull

> English word · Noun · IPA /ˈrʌɡˌpʊl/

## Definitions
1. A sudden revelation that completely contradicts the assumptions one has been led to believe.
2. A fraud scheme where anonymous founders trick people into investing money for a cryptocurrency project which is then abandoned.

## Etymology
A back-formation from pull the rug out from under.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/rug-pull