The source states that the founder of Believe, a SocialFi (social media and finance combined) app, was arrested on a strangulation charge while also facing a lawsuit tied to an alleged rug pull (project abandonment after fundraising).
The source says the founder of Believe, a SocialFi (social media and finance combined) application, has been arrested on a strangulation charge and is also involved in a lawsuit related to an alleged rug pull (project abandonment after fundraising). No further factual details, including the founder’s name, jurisdiction, court filings, arrest date, or the amount tied to the lawsuit, are provided in the input. In crypto markets, a rug pull generally refers to a situation in which project operators or insiders withdraw support or liquidity after attracting user funds, often leaving token holders with losses.