Why I Think Crypto Launchpads Are Broken — Rampant Rug Pulls Even Touch TrustSwap

I believe crypto launchpads are effectively out of business these days because of the surge in rug pulls and scammers targeting token launches. Too many projects launched via launchpads turn out to be fraudulent, and many launchpad platforms have no reliable way to detect or prevent these bad actors during token launches.

In my view this problem has reached the point where even well-known names don’t inspire confidence — for example, I feel betrayed by reports that Jeff, the former founder of TrustSwap, allegedly rug-pulled his community with PodFast. That incident underscores how fragile trust is around launchpads and token sale ecosystems.