A situation in which the developers of a project abandon it, often resulting in losses for investors.

A rug pull is a situation in which investors lose their funds because the people behind the investment are unable to pay back. The concept originated from the idea of pulling the rug from under someone, which is figurative for abandoning someone or doing the unexpected. Thus, a rug pull in crypto is similar to a Ponzi scheme. In both situations, the investment or development team usually disappears without prior notice, taking investors’ funds with them.

Rug pulls are somewhat common. One of the biggest rug pulls in crypto is the Squid Game rug pull which cheated around 43,000 investors out of their money.

The smallest fraction of a bitcoin equaling 0.00000001 BTC in value.

A Satoshi is the smallest fraction of a bitcoin that amounts to a value of 0.00000001 BTC. Although it does not have a symbol that has been attached to it to distinguish between other currencies, it is still able to serve well as an accepted medium of exchange because it is Bitcoin’s smallest currency.

Even though all bitcoin wallets accept satoshis, users are expected to check for the minimum amount limit before using them. Also, when selecting a wallet to keep satoshi, users should allot additional importance to picking the ones that can save private keys.

An attack on the operating time of an Internet Service Provider (ISP) or their operations within a server-based system.

A routing attack is the type of malicious attack on Internet Service Providers (ISPs) that inhibits their operations. Usually, the aim of such attacks is not the ISP themselves but the server-based systems that run on them, for example, blockchain. So, the attack ‘breaks’ the network in such a way that communication between nodes is broken, effectively terminating the approved execution of transactions.

There are several types of routing attacks, and they are not limited to blockchain networks. Common examples of these are Denial of Service (DOS), Routing Table Poisoning (RTP), Hit and Run (HAR), and Packet Mistreating Attacks (PMA).

Rug Pull

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