Exit Scam in the crypto context refers to a fraudulent practice where a crypto project developer or owner who promises to develop or launch a coin or project, then deliberately disappears or closes the project after raising funds from investors. In this scenario, the perpetrators conduct a massive sale of their own previously held coins before disappearing, leaving investors with worthless assets. This is often the case in crypto markets due to the lack of strict regulation and anonymity associated with blockchain technology. Exit scams often lead to significant financial losses for scammed investors.