Kanye West claims to have rejected $2M offer to promote crypto scam
Kanye West, who now goes by Ye, says he rejected a $2 million offer to participate in a crypto scam. The scheme allegedly involved him posting a fraudulent crypto promotion to his 32.6 million followers and claiming his account was hacked hours later. By that point, victims could have already lost significant sums of money.“I was proposed 2 million dollars to scam my community. Those left of it. I said no and stopped working with their person who proposed it,” West said in a Feb. 7 X post.West was asked to leave X post up for 8 hours West included a screenshot in his post revealing how the scam promoting a “fake ye currency” was supposed to unfold. The offer promised West an upfront payment of $750,000 to share the crypto promotion and keep it live for 8 hours, after which he could claim his account was hacked and that he didn’t make the post. This would be followed by a $1.25 million payout 16 hours later.“The company asking you to do this will be scamming the public out of tens of millions of dollars,” the message read.An hour later, West shared a screenshot of a private conversation where he asked an unnamed X user to share a “crypto connect” name that wouldn’t require a middleman.The user responded by naming Coinbase CEO Brian Armstrong and offering to request his phone number for West.Source: Ye/Kanye WestSeveral crypto commentators have already weighed in on the development.Crypto commentator Armeanio said West should consider using crypto to sell his merchandise rather than launching a memecoin.“Celebrity tokens generally bring a reckoning on retail,” Armeanio added.Meanwhile, Crypto Vic predicts that West won’t launch a token and is likely just creating buzz ahead of his upcoming album release.“He is a master marketer,” Crypto Vic said.Related: Celebrity memecoins highlight crypto’s influencer problemIt comes after US President Donald Trump launched the Official Trump (TRUMP) memecoin just days before he was inaugurated in January.However, just a day after it launched and saw significant growth, the controversial memecoin fell 38% as his wife, First Lady Melania Trump, launched a memecoin of her own.A recent survey revealed that many buyers of the Official Trump and Official Melania memecoins were first-time crypto investors.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
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