White Collar Rug Pull: A New Approach to Fraud in the Crypto Ecosystem – the XRP Case #XRPrugpull #xrp $XRP
Have you ever wondered why XRP rises to ranges of 2-3 dollars in all cycles only to fall back to cents?
In the crypto world, terms like rug pull are associated with dubious projects, cloned contracts, or tokens without foundations. However, what is rarely discussed is the existence of more sophisticated frauds, carried out with the appearance of legality, institutional backing, and well-constructed narratives. We call this: white collar rug pull.
What is a White Collar Rug Pull?
Unlike the traditional rug pull (where a team disappears with the funds), a white collar rug pull occurs when credible actors — be they companies, foundations, or even financial institutions — manipulate market expectations for their own benefit, without necessarily violating the law directly. It is a form of "legalized" scam.
XRP has been embroiled in controversies for years, primarily due to:
The initial distribution of tokens and centralized control.
The massive sale of XRP by Ripple Labs while promoting the token.
The narrative of bank adoption that many argue was inflated or incomplete.
The regular sales by co-founders like Jed McCaleb, even during periods of uncertainty for holders.
Many believe that XRP represents a white collar rug pull because, although they never disappeared, the behavior of internal actors could be seen as a form of value draining at the public's expense, all under the cover of a "corporate" structure.
Key features of the white collar rug pull:
Institutional presence or legal facade.
Controlled narrative to attract investors.
Manipulation without openly criminal acts.
Progressive draining of value.
Diffuse or shared blame.
Why is it important to recognize it?
Investors tend to trust projects with a corporate face, which can be an even more dangerous trap.
Have you ever wondered why XRP rises to ranges of 2-3 dollars in all cycles only to fall back to cents?
In the crypto world, terms like rug pull are associated with dubious projects, cloned contracts, or tokens without foundations. However, what is rarely discussed is the existence of more sophisticated frauds, carried out with the appearance of legality, institutional backing, and well-constructed narratives. We call this: white collar rug pull.
What is a White Collar Rug Pull?
Unlike the traditional rug pull (where a team disappears with the funds), a white collar rug pull occurs when credible actors — be they companies, foundations, or even financial institutions — manipulate market expectations for their own benefit, without necessarily violating the law directly. It is a form of "legalized" scam.
XRP has been embroiled in controversies for years, primarily due to:
The initial distribution of tokens and centralized control.
The massive sale of XRP by Ripple Labs while promoting the token.
The narrative of bank adoption that many argue was inflated or incomplete.
The regular sales by co-founders like Jed McCaleb, even during periods of uncertainty for holders.
Many believe that XRP represents a white collar rug pull because, although they never disappeared, the behavior of internal actors could be seen as a form of value draining at the public's expense, all under the cover of a "corporate" structure.
Key features of the white collar rug pull:
Institutional presence or legal facade.
Controlled narrative to attract investors.
Manipulation without openly criminal acts.
Progressive draining of value.
Diffuse or shared blame.
Why is it important to recognize it?
Investors tend to trust projects with a corporate face, which can be an even more dangerous trap.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
149.25
+1.35%
XRP
2.2779
+4.67%