Arora’s continued activity raises questions about the effectiveness of social media bans and the challenges of regulating crypto promotions.
Sahil Arora, a popular crypto influencer known for promoting meme coins, is facing allegations of fraud and other illicit behavior related to fake crypto projects involved in rug pulls and exit scams.
These allegations have led to the suspension of his “@Habibi_Comm” account on X, a social media platform owned by Elon Musk. The company stated that Arora violated its policies, resulting in the ban.
According to reports, the ban follows recent accusations that Arora fabricated screenshots of non-existent conversations with celebrities to promote fraudulent tokens. These tokens were involved in rug pulls, exit scams, and pump-and-dump schemes.
Allegations and Fabricated Screenshots
Arora used these fake partnerships with the celebrities and other popular personalities to deceive investors into believing that the celebrities were behind these meme coins, when in fact, he was the true owner.
His job sometimes involved linking projects with celebrities for a fee without confirming the authenticity of the projects.
Through this method, Arora launched several meme coins themed after high-profile figures such as Australian musician Iggy Azalea, Olympian Caitlyn Jenner, American rapper Rich the Kid, and hip-hop artist Offset.
Initially, it appeared that these celebrities were complicit, allowing their names and brands to be used to generate hype. However, following the allegations, they have distanced themselves from Arora.
Azalea has already created her own project, distancing herself further from Arora amid these claims.
On the other hand, Olympian Caitlyn Jenner, also claimed she was scammed by Arora. Similarly, rapper er Rich the Kid have alleged that Arora misused their names to promote potentially fraudulent meme coins to clear their names.
Offset’s Involvement and Fallout
As for the American rapper offset, Arora signed a deal with the hip-hop artist to promote a meme coin project associated with him. The social media influencer acted as an intermediary between Offset and the project which agreed to pay the musician $20,000.
However, troubles began in paradise when Offset reported never receiving the $20,000 that the meme coin project claimed to have sent to an address provided by Arora. The two had a fallout which led to both blocking the project on their respective profiles.
On June 4, Offset took to X to deny any association with Arora, though a screenshot obtained by Cointelegraph suggested otherwise. The two had previous encounter on Telegram where they negotiated price for the project.
An unnamed meme coin project based on the Solana (SOL) ecosystem also confirmed that Arora had connected them with Offset earlier this year in March.
Continued Activity despite Ban
Despite the fraud allegations, Arora has continued to promote meme coins on his backup accounts. He has redirected his followers on Telegram to follow his other accounts on X.
Before his ban, the social media influencer had promoted links with high-profile celebrities such as boxing legend Floyd Mayweather and actor Lindsay Lohan on his “@Habibi_Comm” account.
Meanwhile, Arora’s continued activity raises questions about the effectiveness of social media bans and the challenges of regulating crypto promotions.
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