CNN has been accused of rug pulling after abandoning its NFT initiative

CNN has been accused of rug pulling after abandoning its NFT initiative

Another statement on the service’s Discord channel advised owners that although the Vault website would “undergo adjustments,” they will still be able to browse their collections and utilize the marketplace. The community’s reactions included shock, disappointment, and a few posters threatening to contact their lawyers while accusing CNN of a “rug pull,” which in crypto terms refers to when a development team unexpectedly withdraws support — and funds — from a project, leaving those who invested with nothing.