Rug Pulled A kid in his early teens made a small fortune after running a brutal crypto pump-and-dump scheme. As Wired reports, California resident Adam Biesk's son launched 1 billion memecoins dubbed Gen Z Quant last month. He spent roughly $350 to buy 51 million tokens for himself. The teen then streamed himself on the online coin launch platform Pump.Fun, leading to a sharp increase in the price of Gen Z Quant — much in the vein of the platform's name. Hours later, the minor pulled the ripcord, cashing out with $50,000 worth of crypto in his pockets. "No way. […]

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Link :
https://futurism.com/the-byte/teen-rug-pull-crypto-tell-parents