RugProof’s ragpool defense platform suspected of fraud

RugProof, a platform positioning itself as a lunchespad for secure token launches, has raised suspicions of fraud. Bubblemaps analysts claim that developers may control half of the project’s native coin issuance.

According to the study, the creator of the token “o93G6B” transferred SOL to 162 linked addresses, through which 50% of RUGPROOF tokens were bought up at launch. According to experts, such a concentration of assets in a limited number of wallets is typical of ragpool schemes, when developers withdraw liquidity, leaving investors with devalued coins.

The RugProof website claims that the project provides “zero early investment risk,” has anti-dumping mechanisms and promises “lifetime rewards to holders.” However, the team has not provided audit reports on smart contracts or details of the tokenomics, raising doubts about the legitimacy of the platform.

The RugProof coin is already listed on popular aggregators CoinGecko and CoinMarketCap, which may have helped boost investor confidence. Nevertheless, the token ownership structure raises concerns among analysts.

The situation is unfolding against the backdrop of alarming statistics. According to Hacken, in the first six months of 2025, crypto projects lost $3.1 billion due to hacks and fraud – more than in the whole of 2024, when losses amounted to $2.85 billion.

Analysts warn that without transparency and independent auditing, RugProof users risk another major scam in the crypto market.