X Bans Sahil Arora Over Memecoin Fraud
Sahil Arora, who is famous for promoting various celebrity meme coins. X’s @Habibi_Comm account Suspended for fraud.
Here is Arora’s account: He was accused of posting fake screenshots of conversations with rapper Iggy Azalea and promoting questionable celebrity meme coins. You have been suspended for violating the platform’s guidelines.
Azalea, who launched her own meme coin, MOTHER, publicly distanced himself from From Arora. Olympian Caitlyn Jenner and rapper Rich the Kid Arora accused memecoin-related fraud using his name. (JENNER and RICH, respectively).
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Despite these criticisms, Arora They continued to advertise what was supposed to be a fake partnership. On June 3, he claimed a partnership with cryptocurrency exchange BingX, but the company denied this and boasted about it. Relationships with celebrities including boxing legend Floyd Mayweather and actress Lindsay Lohan.
Before the ban, Arora also It promoted a memecoin project involving rapper Kiari Kendrell Cephus, known as Offset. Like others, they accused Arora of fraud.
Even with the account suspended, Arora It is known that X maintains multiple accounts and has been redirecting followers to new accounts through his Telegram channel.
This case highlights the problems associated with cryptocurrency promotions as scammers continue to influence investors and celebrities alike.
In other news, the Canadian Anti-Fraud Center recently reported a growing number of scammers are using dating apps and websites to commit “pig butchering” scams. These scams involve building trust with victims through romance and then enticing them to invest in fake cryptocurrency schemes.
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