How Does a Rug Pull Differ from Other Types of ICO Scams?

A rug pull typically involves a project team suddenly draining liquidity from a decentralized exchange (DEX) pool, making the token worthless. Other ICO scams, like pump-and-dumps or exit scams, might involve misrepresenting the project or simply disappearing after collecting funds.

The key difference is the method of execution: a rug pull is a swift, liquidity-based theft on a DEX. It often occurs post-launch, while an ICO scam might fail to deliver a product at all.