Kanye West Declines $2million Crypto Scam Endorsement

• Kanye West rejects a $2million offer to promote a cryptocurrency scam project 
• Kanye West tweets raise speculations as to whether he’d launch his own meme coins soon 

Popular US rapper Kanye West, now known as Ye shared a post on x that claims he refused a $2 million offer to participate in a crypto scam. 

Previously, Kanye West has been open about his views on crypto currency, and he once shared a post on x that said “When People Make All That Money With A Coin Is That Cash Or Concept”. Although there is no clarity in this post that says he’d launch a ‘ye coin’ or not, fans are really excited at the possibility. It is also important to take note that in 2014, the rapper took legal actions against a memecoin called “coinye” that was launched by seven anonymous coders.

Feb 7th, he shared that he was proposed a deal of $2million to share a crypto scam project to his followers. The deal involved him promoting a fake ye currency and after a few hours, he’d come out to say that his account was hacked. 

Kanye West was Proposed a $750,000 Upfront Payment 

According to the post he shared, the offer detailed that he’d be given $750,000 upfront payment and later on a completion of $1.25M 16 hours after the post on x. 

“The company asking you to do this will be scamming the public out of tens of millions of dollars,” the message reads. 

Hours after exposing the scam, ye shared another personalized post that showed a conversation he had where he asked for a trusted crypto connect and the unnamed user replied mentioning Brian Armstrong, Coinbase Chief Executive and offered to get his phone number. 

Several Thought Leaders have expressed their different opinions about this conversation.  Armenio shared in a post on x that “Maybe it would just be better just to have Kanye / ye sell his merchandise for cryptocurrencies or something like that. Embrace P2P money”. Crypto Vic also said he’s using this opportunity only create hype about his upcoming album.

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