English Explanatory Dictionary

rug-pull

English dictionary entry

Meanings

noun
  1. A sudden revelation that completely contradicts the assumptions one has been led to believe.
  2. A fraud scheme where anonymous founders trick people into investing money for a cryptocurrency project which is then abandoned.

Pronunciation

/ˈrʌɡˌpʊl/ LL-Q1860 (eng)-Vealhurl-rug-pull.wav

Word forms

rug-pull rug-pulls rug pull rugpull

Etymology

A back-formation from pull the rug out from under.

Related words

plot twist
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