Kanye West Rejects $2M Offer, Reveals Crypto Scam on X

• Kanye West revealed rejecting a $2M offer to promote a crypto scam.
• The offer involved posting a fraudulent crypto ad and claiming it as hack.
• West hinted at reaching out to Coinbase CEO Brian Armstrong for crypto talks.
  

Rapper Kanye West, now legally known as Ye, revealed that he declined a $2 million offer to promote a fraudulent cryptocurrency project. The scheme allegedly involved West posting a crypto endorsement to his 32.6 million followers on social media and later claiming that his account was hacked.

In his X post, Ye shared a screenshot detailing the offer. According to the screenshot, the proposal included a $750,000 upfront payment for West to keep the post live for eight hours. Afterward, he was instructed to claim a security breach on his account, following which he would receive an additional $1.25 million payout.

“I was proposed 2 million dollars to scam my community,” Ye wrote. “I said no and stopped working with the person who proposed it.”

The post sparked reactions across the crypto community, with several influencers suggesting that Ye should consider leveraging cryptocurrency for legitimate ventures like selling merchandise rather than promoting meme coins.

West’s statements come amid rising scrutiny of celebrity endorsements in the crypto space. Several celebrities, including Ye’s former wife Kim Kardashian, have previously faced penalties for promoting unregistered securities. Interestingly, West’s post also included a reference to Coinbase CEO Brian Armstrong. West allegedly sought to connect with Armstrong regarding “something concerning crypto.”

Speculation has already begun about whether Ye is planning a token launch, with some market observers predicting it may just be a publicity move ahead of his next album release.

Related: Coinbase Becomes UK’s Largest VASP After FCA Approval

The revelation follows a string of controversial celebrity token launches that have rocked the crypto market, often resulting in major financial losses for retail investors. Crypto commentators continue to urge caution around high-profile promotions in the space. As the crypto landscape evolves, Ye’s decision to walk away from the scam highlights the ongoing ethical challenges faced by celebrities engaging with digital assets.

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