17: What are Rug-Pull scams in crypto and how to protect yourself

In 2021 Defi rug pulls scams stole over $2.8 billion dollars. Rugpulls now make over a third of all scams in web3. This episode of the Web3 with Sam Kamani is about what rugpulls are, how they work and how you can protect yourself from rugpulls If you have been a victim of Rugpull then you are not alone even sophisticated investors like Mark Cuban have been a victim of similar scams and have ignorantly promoted scam projects. In this episode I will not only talk about the rugpulls in the world of Defi but also how to protect yourself so you do not become part of the statistics. In the next 2 weeks I will be releasing an episode about Rugpulls in NFT ecosystem and how to spot them.  Join our Web3 Discord community - "https://discord.gg/2eJ7DVGcx6" It is free for only the first 100 members, after that entry will be only for people who hold a speaker badge NFT from this podcast. Connect with me here - https://twitter.com/samkamani 🎁 Also I will be giving away a free NFT once a week. All you need to do is share this podcast or screenshot of this podcast on Twitter and tag me @samkamani on twitter.