Popular artist Kanye West revealed a potential crypto scam, having received an offer to promote a fake token.
Revelation of the Offer
Kanye West, known for his social media presence, disclosed that he was offered $2 million to endorse a fake cryptocurrency. In one of his posts, he mentioned that he planned to reach out to Coinbase CEO Brian Armstrong regarding the issue.
Details and Reactions
Kanye posted a screenshot of an offer to promote a fake Ye cryptocurrency. The terms included an option to claim his account was hacked to avoid backlash. Despite rejecting the offer, Kanye faced criticism, with some suggesting the screenshots are fake, while others argued it exposed prominent figures who endorse tokens and later claim they are scams.
Odds on Kanye's Token Launch
Amidst discussions about Kanye West possibly launching a token, Polymarket predicted a 46% likelihood of it happening. Meanwhile, the popular Solana memecoin launch pad, Pump.fun, encouraged Kanye to follow in Andrew Tate's footsteps and launch a token.
The incident with Kanye West highlights the importance of caution in the crypto space, illustrating how public figures can shape the narrative in this field.
