Arora confessed to making millions of dollars from over 100 memecoin scams, considering it the easiest way to make money in crypto.
Rug pulls, a form of pump-and-dump scheme, involve creating worthless cryptocurrencies, manipulating prices, and causing heavy losses to investors.
Arora is known for executing rug pulls, earning millions through fraudulent activities and referring to it as 'the biggest casino on Earth.'
The practice of rug pulls in the crypto market is compared to a highly risky casino game by veteran investor Kyle Chassé, highlighting the one-sided nature of scams that prevail in the industry.