Blockchain analytics firm Bubblemaps flagged Rugproof for suspicious token activity, alleging a deceptive launch structure mimicking a rug pull setup.
Blockchain analytics platform Bubblemaps raised concerns about Rugproof, a self-described Solana-based launchpad that claims to protect investors from rug pulls.
Ironically, Bubblemaps alleged that the project may be orchestrating the type of exploit it claims to prevent. On Monday, the analytics platform shared information about the project, saying someone had built an allegedly “Rugproof Launchpad” just to “rug” users.
Rugproof claimed on its website that it lets anyone create tokens with “zero-risk early investment, anti-dump mechanics and built-in rewards for loyal holders.” It also claimed to perform token buybacks and offer lifetime rewards.
