Celebrity Crypto Scammer Sahil Arora Faces X Ban Following Memecoin Craze
Julia Smith
Updated:
June 4, 2024 11:12 EDT
|
2 min read
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 account “@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 in response to allegations that he orchestrated a series of pump-and-dump and rug-pull schemes, using celebrity crypto tokens associated with Jenner, Rich The Kid, and others.
Both Jenner and Rich The Kid have taken to social media to call out Arora, with Jenner stating that she intends to pursue legal action against him both criminally and civilly.
Following the news of Arora’s suspension, Jenner made a post on X to commemorate the occasion.
“I suppose this is what happens when you mess with powerful, well-connected individuals like $Jenner,” Jenner wrote 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 the calls we’ve 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 Introduces New Iggy Token, Faces Resistance From Azalea
Arora, who has denied all allegations of crypto scams, faced further scrutiny last week when rapper Iggy Azalea criticized him for launching a seemingly fake memecoin called IGGY, which has already generated over $500,000 in presales.
Despite the significant presale, there are reportedly many purchasers who have not yet received their tokens.
In response, Azalea created her own token called MOTHER and denied any involvement with Arora.
“Sahil, baby, accept your loss and move on,” the Australian rapper stated in a post last week.
As of Tuesday morning, Azalea’s MOTHER token, which has recently reached several all-time highs, had a market cap of $86.2 million.
On the other hand, Jenner’s namesake token has experienced consecutive losses in value following Arora’s fraudulent activities, with its market cap dropping to a mere $6 million at the time of publication.
In the past, several high-profile figures such as Jake Paul, Lindsay Lohan, and Floyd Mayweather have 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.
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