What it means
A scam where a project's creators take the money users deposited and disappear.
It's most common with new tokens and unknown protocols that promise high returns.
How it works
Very high, fixed returns are a warning sign.
Related terms
| Term | What it means |
|---|---|
| Exploit | An attack that uses a bug or design flaw in a smart contract to take money from it. |
| Phishing | A scam that tricks you into giving away your key or signing a harmful transaction, usually through a fake site or message. |
| Audit | A review of a smart contract's code by an outside security firm, looking for bugs before and after launch. |
This glossary explains terms in general. It isn't investment, tax or legal advice.