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ever heard of rug pools and honey pots these are terms used to describe crypto scams that have been stealing millions of dollars from investors in todayamp;#39;s video weamp;#39;re going to find out what exactly are rug pulls and honeypots and how to spot them so that you and your precious crypto donamp;#39;t get trapped if youamp;#39;d like to stay updated on all things crypto make sure you click on that subscribe button and turn on the notification you can also follow us on twitter instagram and tick tock for all the latest crypto updates letamp;#39;s begin what is a rug pull a rug pull is a malicious scheme in which a bad actor takes away your investments from a liquidity pool the term comes from the action of pulling a rug underneath someone so as to remove stability while toppling you over the scanner takes your crypto this happens when an investor trades a that they think might have some value but in reality the is worthless the developer has made it seem like itamp;#39;s w