Bubblemaps flags ‘Rugproof’ launchpad over alleged rug pull risk

Blockchain analytics firm Bubblemaps flagged Solana’s Rugproof for suspicious token activity, alleging a deceptive launch structure that mimics a rug pull setup.

Blockchain analytics platform Bubblemaps has 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 same type of exploit it claims to prevent. On Monday, the analytics platform shared information about the project, saying someone built a “Rugproof Launchpad” just to allegedly “rug” users. 

Rugproof claims 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 claims to perform token buybacks and offer lifetime rewards. 

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