Memecoin Teddy Doge 'Soft' Rug Pulls $4.5M Worth of Tokens, PeckShield Says

Memecoin Teddy Doge 'Soft' Rug Pulls $4.5M Worth of Tokens, PeckShield Says


Korean blockchain security firm Sooho also termed the project a “soft” rug pull. “Rather than cheating on the code, it seems that the distribution allocated to the manager’s account was divided and sold in bulk,” said Jisu Park, CEO of Sooho. “It’s not a hack, it’s a rug. But it’s unclear whether they’ve abandoned the project, so we can call it a “softrug”.

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