exit scam
termdark webgovernance & risk
When an operator suddenly shuts down and disappears with users' funds.
A recurring pattern in unregulated marketplaces: build trust, accumulate deposits, then vanish. Named here to explain the fraud dynamic; the lesson generalizes to any custodial service where trust is doing all the work with no recourse behind it.
Also known as: exit-scam, rug pull, rug-pull