Kanye West Says No to $2M Crypto Fraud Offer

Kanye West, present known arsenic Ye, has revealed that helium turned down a $2 cardinal connection to beforehand a fraudulent cryptocurrency scheme. The rapper and entrepreneur shared the revelation successful a Feb. 7 station connected X, exposing the details of the scam and his refusal to participate.

According to West, the strategy progressive him posting a fraudulent crypto promotion to his 32.6 cardinal followers. As portion of the deal, helium would aboriginal assertion that his relationship had been hacked, allowing scammers to marque millions earlier victims realized the deception.

West’s station included a screenshot detailing the offer, an upfront outgo of $750,000 to people the station and support it unrecorded for 8 hours, followed by an further $1.25 cardinal payout aft 16 hours.

“I was projected 2 cardinal dollars to scam my community. Those near of it. I said nary and stopped moving with their idiosyncratic who projected it,” West wrote connected X.

Shortly aft exposing the scam, West posted different screenshot of a backstage conversation, wherever helium requested the sanction of a trusted interaction successful the crypto industry. One effect said that Coinbase Chief Executive Brian Armstrong was a adjacent interaction for West and offered to get his telephone number.

West appears to beryllium delving deeper into cryptocurrency given that helium had besides published statements astir wanting crypto without intermediaries. He hasn’t made it wide if helium has reached retired to Armstrong yet.

This has, of course, fixed rise to speculation astir him launching his crypto project. Some, specified arsenic Crypto Vic, judge helium is gathering hype for an upcoming album. Other suggestions, including 1 from analyst Armeanio, are urging him to merchantability his merch in cryptocurrency alternatively of crafting a memecoin.

West has a troubled past with cryptocurrency. In 2014, helium filed a lawsuit to derail “Coinye,” a meme coin that appropriated his sanction and likeness without authorization. Though helium antecedently opposed the sector, helium present seems to beryllium interacting with the crypto satellite connected his ain terms.

Also Read: Kanye West’s Tweet Sparks Rumors of Launching His Own Token