Reality TV star and former Olympic athlete Caitlyn Jenner revealed on Monday she was “scammed” by alleged hacker Sahil Arora following the release of her JENNER memecoin Sunday.
“F-CK SAHIL,” Jenner wrote in a post to X late Monday. “He scammed us! BIG TIME!”
According to crypto sleuth Roxo, purported scammer Sahil Arora was behind the launch of JENNER and operated as a “middleman” between the token and Jenner herself.
if anyone wants the TLDR on the @Caitlyn_Jenner situation here it is
She was never hacked, Her team was socially engineered by a guy named Sahil.
He was the "middleman" and his role was to launch the token for Caitlyn as the team didn't know anything about crypto.
after… pic.twitter.com/yZloKHlon6
— Roxo (@CryptoRoxo) May 27, 2024
Following Jenner’s promotion of the coin, Roxo claims that Arora “dumped all the tokens from the deployer wallet and more he had sniped on burner wallets.”
“The team was clearly tricked and have no idea they’ve been swindled it appears,” Roxo stated.
However, Jenner is still actively promoting the memecoin despite the alleged fraud, with the token’s market cap hovering around $22 million Tuesday morning.
“That doesn’t mean I won’t be investing and continuing to promote $Jenner – but Sahil appears to be fully out, at the moment,” she said.
Several celebrities have been penalized by the U.S. Securities and Exchange Commission (SEC) for illegally promoting cryptocurrencies, prompting concerns from X users that Jenner had been hacked when the memecoin was launched Sunday.
“Her account has not been hacked,” the former Olympian’s assistant Sophia Hutchins said in a video posted to X.
“Yes, this is for real,” Jenner claimed in another video following the token’s release. “Get
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