2025-02-08 03:14:09 by coincu

Key Points: Kanye West claimed he turned down a $2 million offer to promote a fraudulent meme coin that involved a staged hack. He expressed interest in purchasing crypto without intermediaries and attempted to contact Coinbase CEO Brian Armstrong. Rapper and entrepreneur Kanye West revealed that he turned down a $2 million offer to endorse a fraudulent cryptocurrency project. Read more: Melania Meme Coin’s Early Crash Makes Investors Doubtful Kanye West Rejects $2 Million Crypto Scam Offer According to West, the scheme involved an initial $750,000 payment to promote the token, followed by a staged claim that his account had been hacked, allowing him to collect the remaining $1.25 million later. The revelation comes as Kanye West appears to be taking a renewed interest in cryptocurrency. On Friday, he posted on X, expressing a desire to communicate with Coinbase CEO Brian Armstrong regarding purchasing crypto without intermediaries. West shared a screenshot of a text conversation where he requested a direct crypto connection, to which an unnamed individual suggested Armstrong as a contact. It remains unclear whether West and Armstrong have since spoken. Speculation Grows Over West’s Potential Crypto Venture West’s history with cryptocurrency includes a 2014 legal battle against an early meme coin called “Coinye,” which he shut down for trademark infringement. Despite his past opposition, speculation has surged regarding his potential entry into the crypto market. While West has not confirmed any concrete crypto ventures, his name joins a growing list of celebrities linked to the digital asset space. On the same day, Barstool Sports founder Dave Portnoy promoted a so-called “sh*tcoin” to his followers, marking his return to crypto endorsements after a failed SafeMoon investment in 2021. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.