Alleged Scammer Raises $300,000 with Iggy Azalea Memecoin Amid Celebrity Accusations

Alleged serial scammer Sahil Arora has raised over $300,000 in a token presale using the name of Australian musician Iggy Azalea for a new celebrity memecoin. On Tuesday, posts from Azalea’s X account distanced her from Arora’s presale, mentioning a planned legitimate crypto project. “Basically I was interested in making a legit coin with utility but Sahil tried it n thought I wouldn’t see his weirdo lil presale telegram shit,” Azalea’s account said in a now-deleted post on X. The Australian rapper reportedly quit Twitter last year to escape “bad vibes” and announced a hiatus from the platform in 2015.