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Bitcoin.com News|Feb 09, 2025 10:33
🚨 Kanye West Exposes Cryptocurrency Scam Attempt! 💰
Ye, the artist formerly known as Kanye West, has revealed a shocking proposal aimed at exploiting his fanbase for a new cryptocurrency called Ye Coin. In a recent post, he shared that he was approached to launch the coin, only to later claim his account was hacked to avoid liability for a potential rug pull. 😱
The offer included a staggering $750k upfront, with an additional 1.25 million promised shortly after the launch. Given Ye's massive following of over 30 million on X, the scheme could have netted millions for its creators.
In true Ye fashion, he emphatically denied any interest in launching a coin, stating, “IM NOT DOING A COIN. I MAKE PRODUCTS. I’M TOO RICH TO DO ANYTHING ELSE.” He criticized the hype surrounding coins, comparing it to the sneaker culture that preys on fans. 👟
This incident raises concerns about other celebrities who may be receiving similar proposals, potentially leading them into fraudulent schemes in the crypto space.
What are your thoughts on this situation? Let us know! 💬
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