The move is a textbook rug pull, a scam carried out by developers who launch a working decentralized finance (DeFi) application and carry out social media marketing to popularize it before issuing a token and listing it on a decentralized exchange (DEX). After investors have purchased the tokens in the hopes of a positive return, the developers shut up shop and disappear.
Source: https://www.coindesk.com/tech/2022/08/10/more-than-600k-vanishes-from-defi-project-blur-finance-as-developers-disappear/?utm_medium=referral&utm_source=rss&utm_campaign=headlines