Kanye West refused to be the face of a crypto pyramid for $2 million
The musician was asked to commit a felony
Renowned musician and producer Kanye West revealed that he turned down a $2 million offer linked to promoting a cryptocurrency scam. The fraudulent scheme allegedly involved West posting an advertisement for a fake cryptocurrency on social media, only to claim a few hours later that his account had been hacked.
"I was offered $2 million to scam my audience. What’s left of it. I said no and stopped working with the person who made the offer," West wrote on X, as reported by Cointelegraph.
He attached a screenshot to his post, detailing the scam mechanics involving the so-called "fake Ye currency."
According to the deal, West was promised $750,000 upfront for posting the advertisement and keeping it live for eight hours. After that, he would claim his account was hacked and deny any involvement. An additional $1.25 million would have been paid 16 hours later.
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Kanye West’s interest in crypto
About an hour after his initial post, West shared a private conversation, in which he inquired about contacts in the crypto industry from an unnamed X user. The person responded by mentioning Coinbase CEO Brian Armstrong and offered to request his phone number for West.
Several crypto experts have already commented on the situation. Armeanio, a well-known analyst, believes West should use crypto to sell his merchandise rather than launching a meme coin.
"Celebrity tokens almost always result in losses for retail investors," he added.
Meanwhile, another analyst, Crypto Vic, is convinced that West will not launch a token but is instead creating hype ahead of his upcoming album release.
"He is a master marketer," Crypto Vic said.
At the same time, Paul McCartney is urging the UK government to reconsider copyright and AI-related legislation changes.
