{
  "version": "https://jsonfeed.org/version/1.1",
  "title": "Market Manipulation: Rug pulls enforcement actions",
  "home_page_url": "https://marketmanipulation.org/cases/technique/rug-pulls/",
  "feed_url": "https://marketmanipulation.org/feeds/technique/rug-pulls.json",
  "description": "The 1 most recent enforcement records tagged rug pulls in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.",
  "language": "en-US",
  "items": [
    {
      "id": "https://marketmanipulation.org/cases/sec-eric-zhu-rug-pulls-2025/",
      "url": "https://marketmanipulation.org/cases/sec-eric-zhu-rug-pulls-2025/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26223",
      "title": "SEC v. Eric Zhu (rug pulls, 2025)",
      "summary": "In January 2025 the SEC charged blockchain engineer Eric Zhu with a rug pull in the Game Coin (GME) token, alleging he kept liquidity-provider tokens unlocked while the issuer told investors liquidity was locked, then withdrew about $553,000 and cut the price roughly 12 percent. Without admitting the allegations he agreed, subject to court approval, to pay $672,992 in disgorgement and interest combined and a $150,000 penalty.",
      "date_published": "2025-01-16T00:00:00.000Z",
      "tags": [
        "SEC",
        "rug-pulls"
      ]
    }
  ]
}