Crypto Rug Pull That Destroyed My Friend’s Investment
A friend of mine, Kevin, invested in a new DeFi project called MoonRise Token. The project had an active Telegram group, real-time staking rewards, and a detailed roadmap.

He bought $8,000 worth of tokens, expecting to see long-term gains. A few weeks later, the token price suddenly crashed to zero. The developers emptied the liquidity pool and disappeared.

It was a rug pull, where project creators cash out and abandon their investors.