The suspension of Sahil Arora’s @Habibi_Comm account on X has sparked controversy in the crypto community. Arora, known for promoting celebrity memecoins, has been accused of fraud and violating platform guidelines.
Allegations against Arora include posting fake screenshots of conversations with celebrities like Iggy Azalea and promoting questionable memecoins using their names. Azalea, Caitlyn Jenner, and Rich the Kid have all distanced themselves from Arora, accusing him of scams involving their own memecoins.
Despite the ban, Arora has continued to advertise fake partnerships, claiming connections with high-profile celebrities like Floyd Mayweather and Lindsay Lohan. The situation has shed light on the risks of crypto promotions and the impact of scammers on both investors and celebrities.
In a related development, the Canadian Anti-Fraud Centre has warned about a rise in “pig butchering” scams on dating apps, where scammers build trust with victims through romance before luring them into fake crypto schemes.
As the crypto community grapples with these challenges, experts like Aaron, with a background in Economics and a deep understanding of the FinTech industry, are working to educate and protect investors in the ever-evolving world of digital currencies.
