Fake Iggy Azalea Token Buyers Await Refunds as Celeb Handler Sahil Appears to Cash Out
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 04 2024- Fake Iggy Azalea Token Scam: Celebrity handler Sahil Arora took $380,000 in presale funds for a token claiming to be Iggy Azalea's official cryptocurrency.
- Refunds Awaited: Participants complain of not receiving tokens despite funds moving out of the wallet, with some accusing Arora of keeping their investments.
- Presale Funds Movement: Arora claims to be shuffling wallets but has moved significant amounts to centralized exchanges, possibly for selling.
- Token Launch and Market Performance: IGGY token by Arora saw limited success, while Azalea's official token MOTHER achieved a higher market cap.
- Presale Participants' Demands: Participants seek refunds or airdropped tokens, expressing dissatisfaction with the situation and lack of returns on investment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
