Bitcoin
Caitlyn Jenner is victim of cryptocurrency exit scam
Prominent media personality Caitlyn Jenner was allegedly socially engineered to promote a fraudulent currency, called JENNER, which suffered a significant drop in value shortly after its launch.
The incident triggered multiple reactions from crypto proponents, with speculation that the former Olympic gold medal winner had been hacked. However, according to a release from crypto community figure Roxo, Jenner’s account was not compromised, but manipulated by an intermediary named Sahil.
if anyone wants the TLDR on @Caitlyn_Jenner situation here is
It has never been hacked. Her team was socially designed by a guy named Sahil.
He was the “middleman” and his role was to pitch the token to Caitlyn as the team knew nothing about cryptography.
after… pic.twitter.com/yZloKHlon6
– Purple (@CryptoRoxo) May 27, 2024
The initial tweet shared by Jenner’s X account endorsing the meme coin included a photo showing Jenner alongside former US president and Republican candidate Donald Trump.
Jenner’s handle X on Sunday afternoon posted the link to the meme token with the caption: “Let’s all win together!! Send me some of your favorite memecoins here.”
After the token was launched, the developer sold all of its holdings, causing concern among investors. User X @0xPonga reported that the token, launched on pump.fun – a Solana-based platform for creating and trading meme coins – briefly rose to $20 million in market value. This came after concerns that it was a rug pull were addressed by Jenner’s manager, Sophia.
It was further revealed that the wallet address linked to the token had been previously involved in an incident where the account belonging to adult content creator Kazumi was hacked, who days earlier had promoted a different token ZUMI.
Account X to date is still actively promoting the token. The developer responsible for social engineering had already carried out five successful rug pulls, promoted by influencers.
Amidst the uncertainties, the token experienced an astonishing 28,000% increase in just one day. DEX Screener Data show that JENNER has now reached a market capitalization of $18 million, marking a significant milestone in its journey into the cryptocurrency market.
A similar incident was reported by crypto.news, involving the URF meme coin where the team performed a rug pull, disappearing with 2,400 SOL obtained during the coin’s pre-sale.
The meme token team on the Solana blockchain reportedly withdrew approximately $450,000 in Solana (SUN), according to network researcher ZachXBT.