Caitlyn Jenner falls victim to cryptocurrency exit scam

Prominent
media
personality
Caitlyn
Jenner
was
allegedly
socially
engineered
to
promote
a
scam
coin,
called
JENNER,
which
experienced
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
disclosure
by
crypto
community
figure
Roxo,
Jenner’s
account
was
not
compromised
but
manipulated
by
a
middleman
named
Sahil.

if
anyone
wants
the
TLDR
on
the

@Caitlyn_Jenner
situation
here
it
is

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
as
the
team
didn’t
know
anything
about
crypto.

after…

pic.twitter.com/yZloKHlon6

—
Roxo
(@CryptoRoxo)

May
27,
2024

The
initial
tweet
shared
from
Jenner’s
X
account
endorsing
the
meme
coin
included
a
photo
showing
Jenner
alongside
former
U.S.
President
and
Republican
candidate
Donald
Trump.

Jenner’s
X
handle
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.”

Following
the
launch
of
the
token,
the
developer
sold
all
holdings,
causing
concerns
among
investors.
X
user
@0xPonga
reported
that
the
token,
launched
on
pump.fun
—
a
Solana-based
platform
for
creating
and
trading
meme
coins
—
briefly
surged
to
$20
million
in
market
cap.
This
was
after
concerns
of
it
being
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
had
days
prior
promoted
a
different
token
ZUMI.

The
X
account
at
press
time
is
still
actively
promoting
the
token.
The
developer
responsible
for
the
social
engineering
had
in
previous
times
run
five
successful
rug
pulls,
promoted
by
influencers.

Amid
the
uncertainties,
the
token
experienced
an
astonishing
28,000%
surge
in
just
one
day.
Data
from
DEX
Screener

shows
that
JENNER
has
now
reached
a
market
capitalization
of
$18
million,
marking
a
significant
milestone
in
its
journey
in
the
cryptocurrency
market.

A
similar
incident
was

reported
by
crypto.news,
involving
the
URF
meme
coin
where
the
team
executed
a
rug
pull,
vanishing
with
2,400
SOL
obtained
during
the
coin’s
presale.

The
meme
token’s
team
on
the
Solana
blockchain
reportedly
withdrew
approximately
$450,000
worth
of
Solana
(SOL),
according
to
on-chain
researcher
ZachXBT.