Meme coin influencer Sahil Arora has been facing several allegations of involvement in crypto scams and has been banned from X.
Famous cryptocurrency influencer Sahil Arora, well-known for endorsing meme currencies, is accused of fraud and other illegal activity connected to fictitious cryptocurrency projects that are part of exit schemes and rug pulls.
Elon Musk’s social networking site, X, suspended his “@Habibi_Comm” account due to the abovementioned charges. According to the company, Arora was banned because he disobeyed its policies.
The suspension reportedly came after allegations that Arora staged screenshots of fictitious discussions with celebrities to market fake tokens. These tokens were used in pump-and-dump operations, rug pulls, and exit frauds.
Claims and Man-Made Screenshots
Arora tricked investors into thinking that the celebrities were behind these meme coins when, in reality, he was the owner through these fictitious collaborations with celebrities and other well-known figures.
He occasionally connected projects with celebrities to get paid without verifying the partnerships’ legitimacy.
Using this technique, Arora released several meme coins named after well-known people, including hip-hop singer Offset, Olympian Caitlyn Jenner, American rapper Rich the Kid, and Australian musician Iggy Azalea.
At first, these famous people were involved, allowing their names and companies to be used for publicity. They have, however, cut ties with Arora in the wake of the accusations.
In response to these allegations, Azalea has already started her project, further separating herself from Arora.
However, Olympian Caitlyn Jenner also asserted that Arora had conned her. Rapper Rich the Kid has also claimed that Arora exploited their identities improperly to promote perhaps phony meme coins in an attempt to clear their names.
Offset’s Partiality and Repercussions
Regarding Offset, the American rapper Arora inked a contract with the hip-hop musician to support a meme coin initiative connected to him. The singer was paid $20,000 by the enterprise, which agreed to pay Offset through the social media influencer who served as an intermediary.
But things went wrong in paradise when Offset said they never got the $20,000 the meme coin project transferred to Arora’s address. Following their disagreement, the two blocked the project on their profiles.
Offset denied any affiliation with Arora on June 4 on X, despite a snapshot that Cointelegraph was able to obtain suggesting otherwise. The two had previously discussed the project’s price on Telegram.
It was also confirmed by an anonymous meme coin project built on the Solana (SOL) ecosystem that Arora had introduced them to Offset back in March of this year.
Activity Persists Despite Prohibition
Despite the fraud claims, Arora has continued to push meme coins on his backup accounts. His Telegram followers have been redirected to follow his other accounts on X.
Before his suspension, the social media personality advertised connections with well-known stars on his “@Habibi_Comm” account, including actor Lindsay Lohan and boxing great Floyd Mayweather.
Arora’s ongoing activity, however, calls into doubt the viability of social media prohibitions and the difficulties in policing cryptocurrency marketing.
