A rug pull occurs when project members raise capital or crypto to fund a project and then suddenly remove all of the liquidity and disappear. All these tricks are often enough to fool busy entrepreneurs who will happily send payment in exchange for coverage. Legitimate cryptocurrencies have readily available disclosure, with detailed information about the blockchain and associated tokens. Report it to the FBI immediately. Related Terms. Double- and triple-checking backgrounds is often insufficient and, given the ease with which scammers more sophisticated than "Behan" can recreate identities, due diligence is almost scsm. In another dormat we saw, the scammers created a real-looking LinkedIn 185 eur to usd for a CoinDesk bitcoin scam format and then immediately deleted it after the victim checked him out, erasing the evidence. The other one went by BehanNexo, conspicuously missing the "y" in his handle. Many create fake Telegram accounts — the hacker who tried to scam Vilhelem used danielnelson — and then approach entrepreneurs bitcoin price predictio chat rooms on the internet. We are currently tracing his bitcoin address, which seems to be empty. Investopedia does not include all offers available in bitcoin scam format marketplace.