West also indicated that he is exploring cryptocurrency and seeking connections in the industry. His disclosure has raised concerns about how celebrity promotions are used in the crypto space.
Fraudsters Offered Kanye West a Lucrative Crypto Deal
West shared details about the scam proposal, stating that an unknown party approached him with a financial offer. The deal included an initial payment of $750,000, followed by an additional $1.25 million after he promoted the fake token.
Kanye West Crypto Scam Proposal. Source: X/Kanye WestThe agreement required the post to remain visible for at least eight hours before deletion. The scammers suggested that West later claim his account was hacked to avoid backlash.
In a final message, the fraudsters admitted their goal was to steal “tens of millions of dollars” from the public.
Kanye West Rejects Crypto Scam and Highlights His Net Worth
West refused the offer, stating that he had no interest in misleading his audience. He also emphasized that his net worth is currently $2.77 billion, achieved without endorsing any cryptocurrency projects.
“I was proposed $2 million to scam my community—those left of it. I said no and stopped working with their person who proposed it,”
West stated.
Following his rejection, he shared a screenshot of a conversation where he asked for guidance from a trusted crypto industry figure. One suggestion pointed him toward Coinbase CEO Brian Armstrong.
Kanye West Crypto Contact Request. Source: X/Kanye WestInfluencers Targeted by Crypto Scams
West’s disclosure adds to the ongoing discussions about influencer scams in the crypto market. Over the years, several high-profile X accounts have been used to promote fraudulent crypto projects.
Some industry observers believe not all reported hacks are genuine. Crypto influencer NotEezzy questioned whether influencers willingly participate in fake promotions.
“Are you telling me all the big accounts getting ‘hacked’ and posting a memecoin over the last several months are fake?”
he asked.
Blockchain Security Experts Confirm Fraudulent Practices
Yu Xian, founder of blockchain security firm SlowMist, confirmed that such scams are common. He stated that fraudsters often use compromised accounts or directly approach influencers with financial incentives.
“I believe this kind of scam exists. The scammers get a big [influencer] to act in the scheme, post a CA, and eight hours later, the big [influencer] tweets that they got hacked. But with a prepayment of $750,000, is it that intense?”
Xian wrote.
Kanye West $2M Scam Discussion. Source: X/EvilCos
The post Kanye West Exposes $2 Million Crypto Scam Offer first appeared on Coinchapter.
The post Kanye West Exposes $2 Million Crypto Scam Offer appeared first on Coinchapter.
