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Caitlyn Jenner is a victim of cryptocurrency exit scam
Prominent media personality Caitlyn Jenner was allegedly socially modified to promote a scam coin, called JENNER, which suffered a significant drop in value shortly after its launch.
The incident sparked multiple reactions from cryptocurrency supporters, with speculation that the former Olympic gold medal winner had been hacked. However, as revealed by Roxo, a figure in the crypto community, Jenner’s account was not compromised but manipulated by an intermediary named Sahil.
if anyone wants the TLDR on the @Caitlyn_Jenner here is the situation
She was never hacked, her team was socially engineered by a guy named Sahil.
He was the “middleman” and his role was to launch the token for Caitlyn since the team knew nothing about cryptocurrency.
After… pic.twitter.com/yZloKHlon6
— Roxo (@CryptoRoxo) May 27, 2024
The initial tweet shared by Jenner’s X account in support of the meme coin included a photo showing Jenner next to former US President and Republican candidate Donald Trump.
Jenner’s handle X posted the link to the meme token on Sunday afternoon with the caption: “We all win together!! Send me some of your favorite memecoins here.”
After the token’s launch, the developer sold all of its holdings, sparking concerns among investors. User This came after Jenner’s manager, Sophia, addressed concerns that it was a rug.
It was also revealed that the wallet address linked to the token had been previously involved in an incident in which the account belonging to adult content creator Kazumi, who days earlier had promoted a different token ZUMI, was hacked.
Account X as of this writing is still actively promoting the token. The developer responsible for the social engineering had already performed five successful rug pulls in the past, promoted by influencers.
Amid the uncertainties, the token recorded an astonishing 28,000% increase in a single day. Data from DEX screening Shows that JENNER has now reached a market capitalization of $18 million, marking a significant milestone in its journey into the cryptocurrency market.
Such an accident was reported by crypto.news, involving the URF meme coin where the team performed a knockdown, vanishing with 2,400 SOL obtained during the coin’s pre-sale.
The meme token team on the Solana blockchain has reportedly withdrawn Solana worth around $450,000 (SOL), according to on-chain researcher ZachXBT.