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Social Media X suspends memecoin promoter Sahil Arora

Gillberg
Social Media X suspends memecoin promoter Sahil Arora

Social media platform X has taken decisive action and suspended the account of Sahil Arora, known for promoting celebrity-backed memecoins. Arora, who operated under the name “@Habibi_Comm,” is facing serious accusations of scams and manipulative practices, including the use of fake celebrity communications to increase the value of various digital currencies.

Sahil Arora X account banned
Sahil Arora X account blocked | Source: X

Backlash and denials from celebrities

Several celebrities, including Australian musician Iggy Azalea, Caitlyn Jenner and American rapper Rich the Kid, have distanced themselves from Arora and denied any connection to the promoter’s memecoin projects.

Despite these controversies, Arora remains undeterred and is reportedly initiating new memecoin projects even after his account was suspended. Furthermore, a recent promotional attempt by Arora included a partnership claim with BingX, a claim that was promptly denied by the cryptocurrency exchange.

This ongoing saga has further complicated the landscape for celebrity-backed digital currencies. It has also sparked a broader discussion about the responsibility of social media platforms in curbing financial misinformation.

A persistent pattern of deception

In addition, Arora has been accused of misrepresenting his connection with other celebrities to launch new memecoins. Notably, hip-hop artist Offset has also made fraud allegations against Arora, indicating a problematic pattern in Arora’s activities.

These allegations gained substance after it was revealed that there had been a $20,000 transaction intended for Offset, but he reportedly never received it.

The suspension of Arora’s account by social media platform X is a step in the fight against the proliferation of fraudulent schemes that exploit the credibility of public figures. The platform’s firm stance serves as a warning to others who engage in similar fraudulent practices online.

Also read: Fraudsters use artificial intelligence to steal $2 million from OKX user account

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