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. This incident has sparked numerous reactions from crypto proponents, with some speculating that the former Olympic gold medal winner had been hacked.
Alleged Social Engineering and Scam Coin Promotion
According to a disclosure by crypto community figure Roxo, Jenner’s account was not compromised but manipulated by a middleman named Sahil. 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. The tweet read, “Let’s all win together!! Send me some of your favorite memecoins here.”
Developer Sells All Holdings Post-Launch
Following the token’s launch, the developer sold all holdings, raising 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 a $20 million market cap. Despite assurances from Jenner’s manager Sophia that it was not a scam, the token’s value plummeted after the sell-off.
History of Manipulation and Previous Incidents
Further investigations revealed that the wallet address linked to the JENNER token had been involved in a previous incident where the account belonging to adult content creator Kazumi was hacked. Days prior, Kazumi had promoted a different token, ZUMI, which also turned out to be a scam.
Ongoing Promotions and Market Impact
Despite the controversy, Jenner’s X account remains active in promoting the token. The developer responsible for the social engineering had previously orchestrated five successful rug pulls, all promoted by various influencers. Amid these uncertainties, the JENNER token astonishingly surged by 28,000% in just one day. Data from DEX Screener shows that JENNER has now reached a market capitalization of $18 million.
Similar Incidents in the Crypto Space
This incident is reminiscent of another scam reported by involving the URF meme coin. The team behind URF executed a rug pull, disappearing with 2,400 SOL obtained during the coin’s presale. On-chain researcher ZachXBT reported that the meme token’s team on the Solana blockchain withdrew approximately $450,000 worth of Solana (SOL).
The rise of meme coins and the allure of quick profits continue to attract both investors and scammers alike, highlighting the need for caution and thorough research in the volatile world of cryptocurrency.
