According to the question raised by Matt Odell:
Absolutely, here's a revised definition with mutual circumstances applicable to both Binance and Swan:
Definition of a 'Rugging' Event for Binance/Swan:
Both Binance and Swan will be considered to have "rugged" under the following circumstances:
Official Announcement: The platform officially announces the abrupt cessation of all its operations and services without providing a roadmap for users to withdraw or reclaim their funds.
Sudden Inaccessibility: The platform becomes inaccessible to users for an uninterrupted period of 5 days or more without any prior announcement or clear communication from the platform's official channels.
Suspension of Withdrawals: The platform suspends all withdrawals or transactions for an uninterrupted period of 10 days without providing a transparent reason or prior notice.
Severe Financial Irregularities: Any verified instance where the platform misappropriates user funds or is discovered to be insolvent, leading to an inability to fulfill withdrawal requests or maintain operations.
Official Investigation: A reputable regulatory body or investigative entity launches an official investigation into the platform for alleged fraudulent activities, resulting in the halt of its primary operations or services.
Lack of Communication: A sudden and prolonged lack of communication or updates from the platform's official channels for more than 14 days, causing uncertainty or panic among its users or stakeholders.
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