Cryptocurrency is the latest branch of finance, and its particularly attractive because of its ability to give extremely high returns in very short amounts of time. This makes the cryptocurrency space a target for scammers all over the world. In 2021 alone, a whopping $7.8 billion was stolen from the crypto industry. We will explain how rug pulls work, the different types of rug pull, and some real-life examples of rug pull scams. Finally, we will look at how you can spot a crypto rug pull.