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>>Caitlyn Jenner claims she was deceived by alleged hacker Sahil Arora in connection with the JENNER token release.

Caitlyn Jenner claims she was deceived by alleged hacker Sahil Arora in connection with the JENNER token release.

crypthub

1/24/2025, 11:47:18 AM

Jenner Reveals Scam and Continues Promotion

Caitlyn Jenner, a reality TV star and former Olympic athlete, publicly exposed a scam involving her newly launched JENNER memecoin. In a post on X, she expressed anger towards alleged hacker Sahil Arora, accusing him of fraudulently utilizing her influence for financial gain. The revelation came shortly after the release of the JENNER coin, which sparked significant attention.

Background and Accusations

Crypto sleuth Roxo claimed that Arora played a pivotal role in the JENNER memecoin project, acting as an intermediary between Jenner and the token. Following Jenner's promotion, Roxo alleged that Arora transferred all tokens from the initial deployer wallet to burner wallets, effectively dumping them and generating profit. This action led to suspicions of deception within the JENNER team.

Ongoing Promotion Despite Alleged Fraud

Despite the serious allegations, Jenner continued to promote the memecoin actively on Tuesday morning, indicating her commitment to the project. The JENNER coin's market cap reached around $22 million, suggesting a level of public interest and investment despite the controversy. She emphasized her intention to remain distant from Arora while continuing to invest in and support the token.

Legal Implications and Celebrity Memecoin Scams

The case highlights the growing concern over cryptocurrency scams involving celebrities. Recent penalties imposed by the U.S. Securities and Exchange Commission (SEC) on other stars for illegal crypto promotion have led to speculation about Jenner's involvement in the JENNER scam. Her assistant addressed these rumors, assuring that Jenner's account had not been hacked. The legal consequences for Jenner, Arora, and Rich The Kid, who collaborated with Arora on another memecoin project, remain uncertain.