Home Editor's Pick Caitlyn Jenner Wasn’t Hacked, But She Was Scammed, Maybe?

Caitlyn Jenner Wasn’t Hacked, But She Was Scammed, Maybe?

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Olympic gold medalist Caitlyn Jenner has found herself at the center of controversy surrounding the launch of a meme coin called $JENNER on the Solana network. The token, which saw a significant rise in market cap within the first 24 hours, has been met with both enthusiasm and skepticism from the crypto community.

TLDR

Caitlyn Jenner allegedly launched a meme coin called $JENNER on the Solana network, which saw a significant rise in market cap within 24 hours.
Jenner accused memecoin collaborator Sahil Arora of scamming her, but stated she will continue to invest in and promote the $JENNER token.
American rapper Rich the Kid claimed his Twitter account was hacked by Arora to promote the “RICH” token.
Sahil Arora claims to have deployed the $JENNER token and to be connected with multiple celebrities for similar projects.
Crypto Twitter users have raised concerns about potential pump and dump schemes linked to Arora and celebrity-backed tokens.

Jenner’s involvement in the project took a turn when she accused memecoin collaborator Sahil Arora of having “scammed” her.

FUCK SAHIL!
He scammed us!
BIG TIME!
@Ryan_S_Gladwin https://t.co/flSWpT872g

— Caitlyn Jenner (@Caitlyn_Jenner) May 28, 2024

Despite this allegation, Jenner has stated that she will continue to invest in and promote the $JENNER token, asserting that it “isn’t going anywhere but up.”

$Jenner no deep fakes. All real crypto. $113.5M volume in just over 4 hours.
Trade here: https://t.co/SiYwteBGkv pic.twitter.com/gyobXOddzI

— Caitlyn Jenner (@Caitlyn_Jenner) May 27, 2024

The situation has drawn comparisons to a recent incident involving American rapper Rich the Kid, who claimed his Twitter account was hacked by Arora to promote the “RICH” token. These events have raised concerns among the crypto community about the authenticity and security of celebrity-backed token launches.

Sahil Arora, the man at the center of these controversies, has claimed responsibility for deploying the $JENNER token and has stated that he is connected with multiple celebrities for similar projects.

Arora’s motives, as stated by him, include clout, money, and authority. He believes that celebrity involvement is crucial for making crypto more mainstream and leveraging the attention economy.

However, the crypto community remains divided on the legitimacy of these celebrity-backed projects.

Pseudonymous cryptocurrency sleuth Roxo has connected Arora to several alleged pump and dump schemes, pointing to a wallet that has profited from the sale of tokens shortly after their launch. These concerns have led to increased scrutiny of Arora’s activities and the celebrities associated with his projects.

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