Celebrity Crypto Scammer Sahil Arora Faces X Ban Following Memecoin Frenzy
Julia Smith
Updated: June 4, 2024 11:12 EDT | Reading Time: 2 minutes
Sahil Arora, the alleged fraudulent celebrity behind the meme coin scams involving Caitlyn Jenner and Rich The Kid in recent weeks, has reportedly been banned from X after his handle “@Habibi_Comm” was suspended on Tuesday.
Sahil Arora Banned From X After Caitlyn Jenner, Rich The Kid Crypto Scam
Arora’s suspension from X comes amidst accusations that he orchestrated a series of pump-and-dump and rug-pull schemes by launching celebrity crypto tokens for individuals like Jenner, Rich The Kid, and others.
Both Jenner and Rich The Kid have publicly called out Arora on social media, with Jenner stating that she will take legal action against him both criminally and civilly.
After news of Arora’s suspension broke, Jenner took to X to share her thoughts.
“I guess this is the consequence of messing with powerful, well-connected individuals like $Jenner,” Jenner posted on X late Monday. “RIP – I mean seriously, how foolish can this guy be to harm the $Jenner community?! Seriously!”
“Don’t even get me started on all the calls we made to government officials who are dealing with his local authorities. Yikes,” Jenner continued. “The question is… will he be extradited to the US or UK for the impending indictment?”
Meme Coin Scammer Launches New Iggy Token, Faces Opposition From Azalea
Arora, who has denied all allegations of crypto scams, faced further scrutiny last week when rapper Iggy Azalea called him out after he launched a seemingly fake memecoin called IGGY, which has generated over $500,000 in presales.
Despite the significant presale, there have been reports that numerous buyers have not yet received their tokens.
In response, Azalea launched her own token called MOTHER and denied any collaboration with Arora.
“Sahil, baby, accept your loss and move on already,” the Australian rapper said in a post last week.
Azalea’s MOTHER token, which has recently reached several all-time highs, had a market cap of $86.2 million as of Tuesday morning.
On the other hand, Jenner’s eponymous token has experienced continuous value losses following Arora’s fraud, with its market cap dropping to a mere $6 million at the time of publication.
In the past, high-profile figures like Jake Paul, Lindsay Lohan, and Floyd Mayweather have all faced penalties from the United States Securities and Exchange Commission (SEC) for illegally promoting digital assets.
It is currently unclear what charges, if any, the celebrities associated with Arora may face in light of these allegations.
Follow Us on Google News
