Cryptographic scammers attracted Kanye West to promote a fraudulent cryptocurrency that bears his name for him for two million dollars. West revealed the scam attempt on his X account on February 7, 2025.
The proposed scheme would have paid West $ 750,000 in advance to promote a false “coins.” West will then acquire an additional $ 1.25 million in stating that your account was pirate. “They proposed 2 million dollars to scam my community. Those who remain of that. I said no and stopped working with his person who proposed it, “West published on Friday.
West’s dissemination occurs in the midst of the growing concerns about the participation of celebrities in cryptocurrency fraud. Blockchain Yu Xian security expert, founder of Slowmist, confirmed that such schemes are widespread in the industry. “I think this type of fraud exists. Scammers get a great [influencer] act in the scheme, publish a CA, and eight hours later, the big [influencer] Tweets that were pirated, ”Xian explained.
Several high -profile social media accounts have supposedly pirate to promote cryptocurrency tokens in recent months. An incident resulted in millions of losses when the scammers took care of the official X account of Jupiter Exchange. Last December, the Drake Canadian rap star account was used to promote a Solana -headed token called $ Anita, generating $ 5 million in negotiation volume before being exposed.
The incident has caused a deeper scrutiny of the hacks of claimed social networks. Crypto influencer Notevezy questioned the authenticity of these security violations. “Are you telling me that all the big accounts that” pirate “and publish a memory in recent months are false?” Novel asked.
Recent market data in the last three months show the volatile nature of cryptocurrencies linked to celebrities. Of the 50 main currencies of listed memes, only six have shown positive yields, and losses for most tokens ranged between 9% and 92%.
Recent Internet sensation Hailey WelchKnown as “Hawk Tuah Girl”, he saw his hawk token falling at 91% of a market capitalization from $ 490 million to $ 41 million in just 24 hours last December. The currency of the president of the United States also faced a 38% decrease after a rival tokens launch by the first lady Melania Trump.
The Armeanio cryptographic analyst reported that if West ever enters the cryptographic space, it must focus on using blockchain technology for goods sales instead of launching tokens. “Celebrities chips generally bring a calculation of retail trade,” he warned.
West emphasized his position against cryptocurrency schemes in a follow -up publication: “I am not doing a coin. I do products. I only do things that I am passionate and with knowledge. I am too rich to do anything else. The coins take advantage of fans with hype, as well as the culture of exaggerated shoes. “
Last week, West has been a fuss of controversial positions in X, with Tweets Declating “I am a Nazi” and “I love Hitler.” West then announced his game of X on Sunday night, thanking Elon Musk “for allowing me to vent” before deactivating his account.
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