Reality TV star and former Olympic athlete Caitlyn Jenner claimed she was scammed by alleged hacker Sahil Arora following the launch of her JENNER memecoin. Jenner expressed her frustration on social media, accusing Arora of deceiving her and manipulating the token. Crypto investigator Roxo revealed that Arora acted as a middleman and dumped tokens from the deployer wallet and burner wallets after Jenner promoted the coin.

Despite the alleged fraud, Jenner continues to promote the JENNER memecoin, which had a market cap of around $22 million. She stated that although Arora is no longer involved, she remains committed to investing in and promoting the token.

Arora has also been linked to another memecoin launch with American rapper Rich The Kid, who accused Arora of orchestrating a pump-and-dump scheme with the RICH token. Arora denied the scam allegations, calling them baseless.

The situation has raised concerns among users, with Jenner's assistant confirming the authenticity of her involvement in the memecoin. It remains unclear what legal actions may be taken against Arora, Jenner, and Rich The Kid for their roles in promoting these cryptocurrencies.