Coinbase Global has removed ‘how to buy’ instructions from its website for at least three crypto tokens. The tokens in question have been the subject of ‘rug pull’ warnings that investors may lose their money. Coinbase said on Thursday that it is part of improving safeguards.
Rug-Pull in crypto
A ‘rug pull’ in crypto parlance occurs when a crypto or virtual asset project developers influence a token’s apparent worth and then abandon the project — taking investor funds.
A spokesperson for Coinbase informed that the links were removed from the exchange after it was brought to the notice of the exchange by Reuters. The spokesperson further added that an upgrade in safeguards on its auto-created web pages is being created.
Nasdaq listed Coinbase offers advice about investing in tokens, and the pages removed were informational rather than making them available to trade on its app or wallet.
The spokesperson added that the pages also featured a disclaimer that the information
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