Sahil Arora’s Alleged Rug Pulls Prompt WeCare Foundation’s Support

1. WHO was/is affected? Cryptocurrency investors who bought into tokens allegedly promoted by Sahil Arora have been affected. These victims appear to be retail investors who were attracted by celebrity-branded tokens and marketing hype. 2. WHAT happened? According to reports, Sahil Arora allegedly orchestrated multiple 'pump and dump' schemes and rug pulls over the course of a week. These schemes typically involve artificially inflating the price of tokens through promotion and then selling large holdings, causing the price to crash and leaving investors with worthless assets. 3. HOW it happened, and how can viewers prevent themselves from getting scammed? These schemes likely succeeded through aggressive marketing, celebrity branding, and creating FOMO (fear of missing out). Investors can protect themselves by: conducting thorough research on token developers; verifying if the team has a proven track record; checking if smart contracts have been audited; being wary of tokens that promise unrealistic returns; and avoiding investments based solely on celebrity endorsements or social media hype. 4. WHY this happened? This likely happened due to the combination of greed and the current speculative nature of certain cryptocurrency markets. The perpetrator may have exploited investors' desire for quick profits. The unregulated nature of some aspects of the crypto space makes it easier for bad actors to execute such schemes without immediate consequences. 5. WHERE are people affected? The victims appear to be globally distributed cryptocurrency investors who had access to the platforms where these tokens were traded. The digital nature of cryptocurrency means geographical boundaries are mostly irrelevant, making these scams potentially worldwide in reach.