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X Bans Sahil Arora for Alleged Memecoin Scams

Key Takeaways

  • Sahil Arora's @Habibi_Comm account on X was suspended for fraud;
  • Celebrities like Iggy Azalea, Caitlyn Jenner, and Rich the Kid have accused Arora of using their names in memecoin scams;
  • Despite the suspension, Arora allegedly maintains other accounts.
X Bans Sahil Arora for Alleged Memecoin Scams

Sahil Arora, known for promoting various celebrity memecoins, has had his @Habibi_Comm account on X suspended due to allegations of fraud.

Arora's account was accused of posting fake screenshots of conversations with rapper Iggy Azalea and promoting questionable celebrity memecoins, leading to his suspension for violating the platform's guidelines.

Azalea, who has launched her own memecoin MOTHER, publicly distanced herself from Arora. Olympian Caitlyn Jenner and rapper Rich the Kid also accused Arora of scams involving memecoins using their names (JENNER and RICH, respectively).

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Despite these accusations, Arora has continued to advertise supposedly fake partnerships. On June 3, he claimed a partnership with crypto exchange BingX, which the company denied, and boasted relationships with high-profile celebrities like boxing legend Floyd Mayweather and actress Lindsay Lohan.

Before the ban, Arora also promoted a memecoin project involving rapper Kiari Kendrell Cephus, known as Offset, who, like others, accused Arora of fraud.

Even with his account suspended, Arora is believed to maintain multiple accounts on X and has redirected followers to a new account via his Telegram channel.

This case highlights the issues related to crypto promotions, as scammers continue to affect both investors and celebrities.

In other news, the Canadian Anti-Fraud Centre recently revealed that scammers are increasingly using dating apps and websites to conduct "pig butchering" scams. These scams involve building trust with victims through romance and then luring them into investing in fake crypto schemes.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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