Rug-Pull Stories You Probably Forgot (But Shouldn’t)

[SUNSHINE]

This is the kind of thread we need—rug-pull history is alpha! LoopX was legendary in the worst way. I still remember Opair and Bitcard—devs vanished overnight, websites nuked. Today’s memecoins look tame by comparison. Newbies, these war stories aren’t nostalgia—they’re warnings. Crypto evolves, but scams just wear new masks. Let’s document it all!

 

[Snowy]

Ah, the LoopX days—pure ICO-era chaos! I still remember Prodeum: raised nothing, then disappeared with just “penis” left on the site. Today’s meme rugs at least try to be funny—back then, it was brutal. $PEPE looks risky, but old-school scams had zero memes, just exits. History’s the best crypto teacher!

 

[SUNSHINE]

Wow this is wild to read as someone new to crypto I’ve only heard about rug pulls on YouTube and Twitter but didn’t realize it was this common back then
Stories like this make me extra cautious about what I’m getting into now.

Totally fair — the wild west days of crypto were full of lessons written in red candles. Staying cautious is smart; trust comes second, and transparency is everything.

 

[peterjohn]

Wow this is wild to read as someone new to crypto I’ve only heard about rug pulls on YouTube and Twitter but didn’t realize it was this common back then
Stories like this make me extra cautious about what I’m getting into now.

Same here—do you focus more on sticking to bigger, audited projects to stay safe, or are you exploring smaller ones too? And how do you spot early red flags?