Caitlyn Jenner, a well-known media personality, may have been tricked into promoting a cryptocurrency called JENNER. The coin’s value quickly dropped after its launch, sparking suspicion.
Many crypto enthusiasts initially thought Jenner’s account had been hacked. However, a crypto insider named Roxo claims a middleman named Sahil manipulated Jenner, not a hacker.
The promotion began with a tweet from Jenner’s account featuring a picture with Donald Trump and a message encouraging people to share their favorite memecoins.
Following the launch, the developer sold all their holdings, causing investor alarm. X user @0xPonga reported a brief surge in market cap to $20 million after reassurances from Jenner’s manager, Sophia.
However, concerns remained. The linked wallet had previously been involved in a similar incident with adult film star Kazumi promoting a different token (ZUMI) before their account was compromised.
Despite this, Jenner’s account continues to promote JENNER. The developer behind the social engineering is suspected of orchestrating multiple “rug pulls” (abandoning projects after raising funds).
Despite the red flags, the token’s price skyrocketed by 28,000% in a day, reaching a market cap of $18 million.
This incident echoes a recent case with the URF meme coin, where developers vanished with investor funds after a presale.
Many crypto enthusiasts initially thought Jenner’s account had been hacked. However, a crypto insider named Roxo claims a middleman named Sahil manipulated Jenner, not a hacker.
The promotion began with a tweet from Jenner’s account featuring a picture with Donald Trump and a message encouraging people to share their favorite memecoins.
Following the launch, the developer sold all their holdings, causing investor alarm. X user @0xPonga reported a brief surge in market cap to $20 million after reassurances from Jenner’s manager, Sophia.
However, concerns remained. The linked wallet had previously been involved in a similar incident with adult film star Kazumi promoting a different token (ZUMI) before their account was compromised.
Despite this, Jenner’s account continues to promote JENNER. The developer behind the social engineering is suspected of orchestrating multiple “rug pulls” (abandoning projects after raising funds).
Despite the red flags, the token’s price skyrocketed by 28,000% in a day, reaching a market cap of $18 million.
This incident echoes a recent case with the URF meme coin, where developers vanished with investor funds after a presale.
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