Prominent media personality Caitlyn Jenner was allegedly tricked into promoting a scam cryptocurrency named JENNER, which plummeted in value shortly after its launch. The incident sparked varied reactions within the crypto community, with many initially believing Jenner’s account had been hacked.
However, crypto figure Roxo disclosed that Jenner’s team was socially engineered by a middleman named Sahil, who orchestrated the token launch. The initial tweet from Jenner’s X account included a photo with former President Donald Trump, endorsing the meme coin.
Significantly, the wallet linked to JENNER had previously been involved in a similar scam with adult content creator Kazumi. Despite controversies, JENNER saw a 28,000% surge in one day, reaching an $18 million market cap according to DEX Screener.
Similar incidents, such as the URF meme coin rug pull, underline the risks in the crypto market. As the crypto world evolves, understanding social engineering tactics is crucial for protecting investments.
