Three days after billionaire Mark Cuban announced himself as a liquidity provider for $TITAN the bottom has dropped out from the cryptocurrency.

On June 16 the price of $TITAN tanked from $60 to $0 in an apparent Rug Pull.

Somehow it appears Mark Cuban “got out” before things got bad, but that is likely not the case for those holding $TITAN.

What’s a Rug Pull?

A Rug Pull, simply put, is when a crypto developer abandons a project and essentially steals an investors money. It’s a type of scam  that occurs on decentralized exchanges. 

Conclusion

Mark Cuban probably didn’t even break a sweat with the money he lost, but this is a stark reminder no one is immune to scams.