The rug pull that funded a tall tale

Could a scam have a surprising reason? This crypto story will leave you in disbelief.

One of the funniest things about crypto is how people and companies try to make sense of it. There has been a lot of trial and error, and some of those mistakes are too funny not to share.

So get ready to laugh as we review some of the funniest, weirdest, and most entertaining moments in crypto history.

Long story of the short king

The crypto world is no stranger to strange events and crazy ups and downs, but meme coins take that unpredictability to another level.

However, with great excitement comes great risk, especially the dreaded rug pull. This scam, where developers disappear with all invested funds, is a common hazard in the meme coin world.

A recent story involves a meme coin that had garnered a sizable following. Investors were excited, the community was vibrant, and everything seemed to be going well — until the developer decided to pull the plug.

But this wasn’t your typical exit scam. The developer didn’t vanish into the ether out of greed or fear; he did it to get limb-lengthening surgery.

Yes, you heard right. In a move that both shocked and amused the crypto community, the developer posted a farewell message explaining his decision.

Screenshots from the Telegram chats quickly went viral, showcasing the developer’s final words to his community, in which he openly shared his struggles with self-esteem and his desire to change his life through surgery.

He admitted he has struggled with his height for years and can no longer stand being the “short king”. He revealed the money from the carpet pull will allow him to have surgery to add a few precious inches to his height.

As the news spread, reactions poured in from every corner of the internet. On X (formerly Twitter), one user humorously called it a “carpet of honor” and praised the developer’s unexpected honesty.

Honest developer, full support.

Honorable carpet weaving.

— Kenpachi (@CryptoKenpachi) July 20, 2024

Another user jokingly said that we have reached a point where even pulling a rug is seen as an act of honesty.

We are now in a time when the carpet is an honor

— Degen bids (@degenbid) July 21, 2024

When stablecoins and boomer logic collide

This is the story of a Reddit user who invested his father’s money in cryptocurrency and ended up with a very funny story to tell.

It all started when the user’s father, who knew nothing about crypto but trusted his son’s knowledge, gave him some money to invest in. The father understood the risks and volatility but believed in his son’s abilities.

The user erred on the side of caution and decided to keep a significant portion of his investment in USDT, a stablecoin designed to remain at a fixed value.

To keep his father informed, the user downloaded a portfolio app onto his phone so he could see how his investment was doing. Then came that fateful afternoon.

The user was in an important meeting when his work phone started ringing repeatedly. Worried that something was wrong, he answered it immediately.

On the other end, his father’s voice was filled with concern and curiosity. “Hey,” he said, “I’ve been keeping an eye on this USDT coin you bought, and it’s not doing much. It’s not fluctuating at all, but I expect it to go up soon. What do you think?”

The user couldn’t help but laugh. His father was genuinely concerned that the stablecoin wasn’t moving, as he expected it to behave like the volatile cryptocurrencies he had heard about.

After explaining that USDT should remain stable and not fluctuate, they both had a good laugh over this misunderstanding.

When crypto novices confuse security with the next big opportunity

The crypto world is a magnet for all types of characters, from disciplined investors to absolute beginners looking to make a quick fortune. And sometimes, these newcomers can turn even the simplest concepts into comic gold.

This story begins with a tweet from Ambroid, a veteran crypto trader. “If you don’t have 2FA on your exchange accounts, unfollow me, okay?” he tweeted in January 2018.

For those in the know, 2FA, or two-factor authentication, is an important security measure that adds an extra layer of protection to online accounts. But for some crypto novices, the term 2FA has struck a chord in a whole new way.

“Is 2FA the next XRP?” a user responded. XRP or Ripple was a well-known cryptocurrency at the time, and Mike’s question suggested that he thought 2FA was another hot investment opportunity.

Another user quickly chimed in, “Where can I buy 2FA? 🙂 Coinmarketcap doesn’t list it.”

Where can I buy 2FA? 🙂 Coinmarketcap does not list it.

— Jeab Rorest (@RorestArts) January 10, 2018

The crypto community erupted in laughter, unsure whether these answers were genuine questions from clueless beginners or clever trolls making fun of them.

When a couple’s crypto dreams turned into trouble

This story from the BitcoinTalk forum in 2018 is a perfect example of how lack of knowledge can lead to unexpected situations.

It all started with a middle-aged couple who decided to dive into the crypto world. They had heard everything there was to know about crypto and wanted to get in on the action.

Excited, they purchased what they believed to be 1 BTC for $1,000. Overjoyed with their smart investment, the duo reached out to a friend for advice on how to sell their newly acquired Bitcoin.

Their friends who were experienced in cryptocurrency trading sent them links to various articles and blog posts explaining the Bitcoin trading process.

Confident that they could do it, the couple set out to sell their Bitcoin. However, they soon contacted their friends again, disappointed and confused. They couldn’t figure out how to sell their Bitcoin.

Sensing something was wrong, his friends decided to visit them and help them in person. When the couple arrived, they proudly showed him their Bitcoin. But instead of a digital wallet or QR code, they gave him a plastic coin emblazoned with the Bitcoin symbol.

His friend was shocked, trying to suppress his emotions. The couple had purchased a physical novelty item, not the digital currency they thought they had. It was a plastic coin, a souvenir, completely worthless on the crypto market. They had been scammed, but in the funniest way possible.