Another rug pull surfaces in the crypto space. Reports indicate two university students allegedly pocketed around $250K (approximately 20M INR) before abandoning a project that had reached $2.5M market cap. The scheme collapsed from a 200+ valuation peak, leaving investors stranded. This incident highlights ongoing risks in early-stage crypto ventures. Due diligence remains critical—verify team backgrounds, check contract audits, and watch for red flags like anonymous founders or unrealistic promises. The community continues pushing for better accountability mechanisms as such exits damage trust across the entire ecosystem.