The crypto platform Zora, backed by Coinbase, has announced new rules to mask coins that violate its community guidelines after facing criticism.
Zora's New Changes
Zora has announced that coins flagged for issues like impersonation or offensive content will no longer be shown openly. However, users can still buy, sell, or transfer those coins if they wish.
The Sahil Arora Scandal
The changes come after crypto sleuth ZachXBT shared screenshots indicating discussions between Zora and Coinbase executives with Sahil Arora about potential collaboration. Arora is known in the crypto space for orchestrating celebrity scams.
Fake Tyson Fury Account Controversy
Other screenshots revealed that Zora co-founder Jacob Horne and head of partnerships Zak Krevitt had conversations with Arora, who claimed to have brought heavyweight boxing champion Tyson Fury onto the platform. Horne later promoted what turned out to be a fake account, leading to user complaints about the inability to trade tokens linked to it.
Zora's new rules regarding the hiding of coins that violate community guidelines may help bolster trust in the platform following recent scandals.
