Pump.fun Scam: Dubai Investor Mints $30 Million in Crypto Celebrity Pump and Dump

Quick Summary:

Dubai-based investor Sahil Arora has been reportedly using Solana-based platform Pump.fun for launching celebrity tokens and has reportedly duped investors of a staggering $30 million.

Reportedly, Arora pulled off a classic pump-and-dump scam by issuing celebrity tokens on the Solana memecoin platform.

Bubblemaps has identified over 40 crypto wallet addresses associated with Sahil.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Pump.fun Memecoin Solana memecoins 24/7 Cryptocurrency News Crypto pump and dump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 08:22:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22084959

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 19 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

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