The post Kanye West Exposes Meme Coin Scam—Says He Rejected $2M Deal appeared on BitcoinEthereumNews.com.

Renowned American record producer reveals that he was offered $2 million to promote a fraudulent meme coin to his community.  The creators proposed to pay $750k upfront and pay the balance after 16 hours of posting about the token.  American rapper and record producer Kanye West has, in the latest tweet, exposed the rot and the fraudulent schemes perpetuated in the meme industry. According to him, a supposed meme creator offered him $2 million to promote their fraudulent project to his community. However, he declined. The Details In a post made on February 7 and shared by Wu Blockchain, the famous American rapper highlighted that the promotional contract of the supposed project entailed a $750k payment upfront. Exactly 16 hours after the promotional post, an additional payment of $1.25 million was to be issued. However, the condition was for the post to stay “live” for eight hours. According to Kanye West, the individual behind the contract revealed to him that the project was fake. In this case, he was supposed to make a post after eight hours, claiming his account was hacked and the post was made by the hackers. Source: Wu Blockchain An hour after this, Kanye West shared another screenshot containing a private conversation between himself and an X user. In the chat, Kanye asked the user to resend “a crypto connect” name that would not require a middleman. In response, the unnamed user mentioned Coinbase CEO Brian Armstrong and also assured him of returning with his phone number. Joining this conversation, a user identified as “Armeano” proposed that Kanye sell his merchandise for cryptos and embrace Peer-to-Peer (P2P) money. To him, this would be more beneficial than launching a celebrity meme. Another user called Crypto Vic also disclosed that Kanye would not launch a meme coin. According…

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Filed under: News - @ February 9, 2025 8:21 pm