What is a Rug Pull? A 2026 Guide for Australians

A rug pull is a crypto scam where project insiders remove liquidity or dump tokens and abandon the project, leaving buyers with worthless coins. This guide covers how rug pulls work, how to spot red flags, how to protect yourself, and the Australian angle: Scamwatch treats many crypto rug pulls as investment scams. Education only — not financial advice. Publisher: Eagle BTM Pty Ltd ACN 659 281 820 (AUSTRAC DCE / VASP).

A rug pull is a crypto scam where insiders drain liquidity and abandon a project. How it works, red flags, protection tips, and Scamwatch guidance for Australians.