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  1. Home
  2. /Glossary
  3. /Rugged
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cryptocurrency

Rugged

Getting rugged means losing your money because a project turned out to be a scam.

Definition

Getting rugged means losing your money because a project turned out to be a scam. The team pulled the rug from under investors by draining liquidity, abandoning the project, or executing a scam. 'I got rugged on that new DeFi protocol' is an unfortunate but common experience.

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Related Terms

Rug Pull

A scam where developers abandon a project and run off with investor funds.

Exit Scam

When project developers abandon a project after raising money, disappearing with investors' funds.

Rekt

Crypto slang for 'wrecked,' meaning you lost most or all of your investment.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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