Kanye West Says No to $2M Crypto Fraud Offer
Kanye West, now often called Ye, has revealed that he turned down a $2 million supply to advertise a fraudulent cryptocurrency scheme. The rapper and entrepreneur shared the revelation in a Feb. 7 put up on X, exposing the small print of the rip-off and his refusal to take part.
Based on West, the scheme concerned him posting a fraudulent crypto promotion to his 32.6 million followers. As a part of the deal, he would later declare that his account had been hacked, permitting scammers to make tens of millions earlier than victims realized the deception.
West’s put up included a screenshot detailing the supply, an upfront fee of $750,000 to publish the put up and hold it reside for eight hours, adopted by a further $1.25 million payout after 16 hours.
“I used to be proposed 2 million {dollars} to rip-off my group. These left of it. I stated no and stopped working with their one who proposed it,” West wrote on X.
Shortly after exposing the rip-off, West posted one other screenshot of a non-public dialog, the place he requested the identify of a trusted contact within the crypto trade. One response stated that Coinbase Chief Government Brian Armstrong was a detailed contact for West and supplied to get his telephone quantity.
West seems to be delving deeper into cryptocurrency on condition that he had additionally printed statements about wanting crypto with out intermediaries. He hasn’t made it clear if he has reached out to Armstrong but.
This has, in fact, given rise to hypothesis about him launching his crypto venture. Some, akin to Crypto Vic, imagine he’s constructing hype for an upcoming album. Different solutions, together with one from analyst Armeanio, are urging him to promote his merch in cryptocurrency as an alternative of crafting a memecoin.
West has a troubled historical past with cryptocurrency. In 2014, he filed a lawsuit to derail “Coinye,” a meme coin that appropriated his identify and likeness with out authorization. Although he beforehand opposed the sector, he now appears to be interacting with the crypto world on his personal phrases.
Additionally Learn: Kanye West’s Tweet Sparks Rumors of Launching His Own Token
