🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Stars vs. Scammer: Caitlyn Jenner, Rich the Kid, Iggy Azalea in Crypto Drama

Key Takeaways

  • Caitlyn Jenner and Rich the Kid claim they were scammed by Sahil Arora, alleging he manipulated their memecoin launches;
  • Jenner said she will continue to promote JENNER, despite the controversy;
  • Iggy Azalea distances herself from Arora's $300K token presale using her name.
Stars vs. Scammer: Caitlyn Jenner, Rich the Kid, Iggy Azalea in Crypto Drama

Caitlyn Jenner and Rich the Kid have recently alleged they were victims of a scam involving memecoin collaborator Sahil Arora.

The accusations came following a series of celebrity token launches on May 26.

Jenner denounced Arora for allegedly scamming her with the Solana-based JENNER token on X. This token's market cap surged to $43 million within the first 24 hours but has since dropped to $17.4 million.

How to Get Free Crypto? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

How to Get Free Crypto? (Explained with Animations)

How to Get Free Crypto? (Explained with Animations) How to Get Free Crypto? (Explained with Animations)

Despite the controversy, Jenner remains optimistic about the token's future, asserting that JENNER "isn’t going anywhere but up," although she said that Sahil Arora appears to be out of the project for now, which still raises questions about whether the account is not hacked.

Rapper Rich the Kid, whose real name is Dimitri Leslie Roger, has also come forward with claims against Arora, alleging that his X account was hacked to promote the RICH token. He described the situation as a pump-and-dump scheme, with Arora allegedly transferring all the money to his account and then blocking him.

The controversy deepened as connections were made between other incidents involving Arora. One example includes adult content creator Kazumi, who posted a crypto wallet address identical to the one Jenner had used. This led to suspicions that Kazumi had also been hacked while promoting the ZUMI token on May 20.

Meanwhile, Australian rapper Iggy Azalea has distanced herself from Arora after discovering that he had launched a token presale using her name, raising over $300,000.

Azalea's X account criticized Arora, stating:

Basically I was interested in making a legit coin with utility but Sahil tried it n thought I wouldn't see his weirdo lil presale telegram <stunt>.

Arora's controversial history isn't new. He was previously accused of other scams, including a rug pull associated with former NBA player Dwight Howard.

His complicated public image extends beyond crypto, as he has also previously been accused of identity theft and unpaid debts.

This wave of allegations reminds celebrities and everyday investors to be cautious when engaging with crypto.

In other news, Cristiano Ronaldo has announced his upcoming NFT collection in collaboration with Binance.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating