# kaal:claim:4015908-041

**Claim.** Rug pull practices can take the form of a whale guaranteeing an inside developer or business head a percentage participation if that insider changes the code governing the project to produce an outcome that benefits only the whale and its associates.

**Type.** mechanism  **Support.** argued

**Holds when.**

- insiders retain the ability to change project code

**Source quote.**

> example, a whale may guarantee an inside developer or business head a percentage participation if the insider changes the code that governs the project for a beneficial outcome that only benefits the whale and its associates.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), IV. Fair Launch Protocols, page 14

**Cite as.** Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

**Verify.** sha256 of source PDF `e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Fair%20Token%20Launch.pdf

**Failure mode.** Whale insider code bribery  (family: fraud-and-misconduct)

**Topics.** governance-design

**Keywords.** rug-pull, insider-collusion, code-manipulation, whales, governance

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/4067783-009

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.