Kanye West Says No to $2 Million Crypto Scam Proposal
American rapper Kanye West revealed that the fraudsters offered him $2 million to promote fraudulent meme coins with his name.
The revelation comes from speculation that he is exploring the cryptocurrency industry and seeking connections with Coinbase CEO Brian Armstrong.
Kanye West’s cryptographic revelation raises questions about celebrity endorsement
West said an unknown party brought him considerable proposals to mislead his audience.
According to his post, the proposed deal includes an initial payment of $750,000, with the remaining $1.25 million planned to be issued 16 hours after he promotes the token.
The agreement also requires promotional positions to be kept for at least eight hours before they can be removed. To cover up the recognition, the liar suggested that he later claimed Account has been hacked.
The final message of the fraudsters is bluntly acknowledging that their plan is to steal “ten millions of dollars” from the public.
However, West rejected the deal because he had no interest in cheating his followers. The rapper also added that his net worth returned to $2.77 billion, which he achieved without endorsing any cryptocurrency.
“I was offered $2 million to cheat my community – the rest. I said no, no longer work with the people who proposed it,” West said.
After publicly rejecting the scam, West shared screenshots of another private conversation, where he sought guidance from reliable figures in the cryptocurrency industry. A suggestion points him to Coinbase CEO Brian Armstrong.
Celebrity endorsement lost its credibility
Meanwhile, West’s revelation raises concerns about similar Events involving high-profile accounts on X. over the years, Multiple celebrities and influencers report hackers This leads to promoting suspicious crypto projects.
Some people think these so-called hackers may not always be real, which suggests that some influencers may be willing to participate in these programs.
“Are you telling me that all the big accounts have been ‘invaded’ and that a meme has been posted in the past few months is fake?” crypto influencer noteezzy question.
Meanwhile, blockchain Safety Slowmist founder Yu Xian has confirmed these types of scam Very common. He noted that although trade-off accounts are often used Fraudulent promotionsscammers also directly link influential people to financial incentives.
“I believe there is such a scam. The scam got a big (influential person) to take action in the program, post A CA, and 8 hours later, a big (influential) tweet was hacked Invasion. But, since the advance payment is $750,000, is this strong? “Xi’an Write.
Overall, in the current market, celebrity-recognized meme coins are questionable in the current market. The convenience of stealing millions of dollars with simple carpet pulls can be too profitable to be overlooked for some celebrities.
Users must be cautious and do not use any celebrity recognition as a mark of trust or credibility.
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