Caitlyn Jenner ensnared in crypto exit scam
Renowned media personality Caitlyn Jenner has allegedly fallen victim to a social engineering scheme aimed at promoting a fraudulent cryptocurrency called JENNER. Unfortunately, shortly after its launch, the value of the coin plummeted, causing a stir within the crypto community. Speculation arose that Jenner’s account had been hacked. However, crypto community figure Roxo disclosed that it was actually manipulated by a middleman named Sahil.
The initial tweet from Jenner’s X account, endorsing the meme coin, featured a photo of Jenner with former U.S. President Donald Trump, who was also a Republican candidate. On Sunday afternoon, Jenner’s X handle shared a link to the meme token with the caption, “Let’s all win together!! Send me some of your favorite memecoins here.”
Concerns were raised among investors when the developer sold all their holdings after the token’s launch. X user @0xPonga reported that the token, which was launched on pump.fun, a Solana-based platform for creating and trading meme coins, briefly reached a market cap of $20 million. These concerns were later addressed by Jenner’s manager Sophia, alleviating fears of a rug pull.
Further investigation revealed that the wallet address linked to the token had previously been involved in a hacking incident concerning the account of adult content creator Kazumi, who had recently promoted a different token called ZUMI.
Despite the uncertainties surrounding the situation, the token experienced a remarkable surge of 28,000% in just one day. Data from DEX Screener indicates that JENNER now boasts a market capitalization of $18 million, signifying a significant milestone in its cryptocurrency journey.
A similar incident involving the URF meme coin was reported by crypto.news. In this case, the coin’s team executed a rug pull, disappearing with 2,400 SOL obtained during the coin’s presale.
According to on-chain researcher ZachXBT, the meme token’s team on the Solana blockchain withdrew approximately $450,000 worth of SOL.
In the midst of these events, the X account continues to actively promote the token. The developer responsible for the social engineering has previously orchestrated five successful rug pulls, all of which were endorsed by influencers.
These incidents highlight the need for caution and thorough research within the cryptocurrency market. Investors must remain vigilant and informed to avoid falling victim to scams.
