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LeoGlossary: Exit Scam
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@leoglossary
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An exit scam is basically accepting money and then disappearing.
Traditionally this was sellers accepting payments and not shipping the product. People often do not realize they are funneling money into a business that already disappeared.
In cryptocurrency this refers to early investors pulling out their funds. This leaves later entrants as the bagholders.
These are part of a larger pump and dump.
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