The world of crypto is like those old-school chop suey westerns. Like a western, it is riddled with cybersecurity firms as reluctant heroes, regulatory bodies acting like sheriffs, and outlaws in the form of scammers. Scamming has become synonymous with the crypto community.
Scamming and crypto are so synonymous that scammers have become celebrities, much like those Clint Eastwood movies. A renowned scammer who goes by the alias Sahil Arora has just been featured in an interview with the New York Post.
Hear How A Villain Talks
The interview was not just scary but also riddled with information that can help people understand how rug pulls work, Sahil’s primary scamming technique. As per Sahil, rug pulling using meme coins is like going to the Casino.
Sahil is a brazen example of the crypto scamming community. While others rely mostly on their anonymity, Sahil went the other way. Not only did he agree to an interview, but he also used the platform to boast about his activities online.
Sahil openly stated his method of inflicting hurt: “The easiest way to make money is to deploy a meme coin, run it, and then sell as soon as you see [profits]…This is the biggest casino on Earth right now.”
He did not just stop there. He justified his action saying, “If you don’t get rugged by me, you’re probably going to get rugged by someone else. So, you might as well get rugged by a person with a track record of some success rather than getting rugged by a random person on the Internet.”
Such a brazen and fearless statement from a crypto scammer is enough to make anybody’s skin crawl. This shows how these individuals have started owning their status and way of making a buck. But it also shows how authorities cannot keep these activities in check.
