Key Takeaways
- Ye’s crypto put up casts doubt on superstar X hack claims.
- The rap mogul mentioned he rejected the provide.
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Kanye West is again on X, and also you’ll by no means guess what occurred subsequent.
West, now often known as Ye, the well-known rapper and Bitcoin advocate, posted a screenshot on Friday the place an unidentified contact reached out to Ye, providing him two million {dollars} to advertise a fraudulent “ye foreign money.”
I used to be proposed 2 million {dollars} to rip-off my neighborhood These left of it I mentioned no and stopped working with their one who proposed it pic.twitter.com/WKHdP9FkOq
— ye (@kanyewest) February 7, 2025
Ye would get $750,000 upfront as a part of the proposed deal, and a further $1.25 million disbursed 16 hours after the put up went dwell on X.
A part of the deal was that the promotional put up should stay energetic for eight hours. The contact additionally instructed him to put up “my account was hacked, the put up was not me” after the eight-hour window.
The message chillingly concluded with the assertion that the corporate soliciting this promotion “will likely be scamming the general public out of tens of hundreds of thousands of {dollars}.”
Ye mentioned he turned down the $2 million provide, claiming he wouldn’t “rip-off my neighborhood.” Nonetheless, his put up raised questions in regards to the fact behind earlier X account hacks focusing on celebrities. These seemingly shared the same scheme.
Are you telling me all the large accounts getting “hacked” and posting a memecoin over the past a number of months are faux?????
— notEezzy (delulu) 🧸 (@notEezzy) February 7, 2025
so the superstar ‘hacks’ are presumably faux? pic.twitter.com/EzKY0TYBIq
— Jacquelyn Melinek (@jacqmelinek) February 7, 2025
Ye simply uncovered all of the celebrities that claimed they had been hacked scams on X
— Danny Kass (@dannygkass) February 7, 2025
A number of celebrities’ X accounts have been hacked to advertise Solana meme cash.
Final December, Drake’s account was hacked to advertise a Solana-based memecoin referred to as $ANITA. The rip-off generated $5 million in buying and selling quantity earlier than being uncovered and eliminated.
Ye appears to be like to attach instantly with Coinbase CEO “regarding crypto”
Ye additionally signaled curiosity in connecting instantly with Coinbase CEO Brian Armstrong “regarding crypto.”
He posted one other screenshot immediately the place he was asking somebody for a crypto hookup with none middlemen. It turned out that the “crypto join” he was in search of was Coinbase CEO Brian Armstrong, and the individual he messaged mentioned they might attempt to get Ye Armstrong’s quantity.
There was no public, direct connection between Ye and Armstrong previous to his current try and contact the CEO. Nonetheless, there was a identified incident involving Armstrong and Ye’s presidential run over 4 years in the past.
In October 2020, Armstrong shared a tweet describing a weblog put up about voting for West as “epic.” The now-deleted put up was written by Rob Rhinehart, the founding father of Soylent, and it argued in favor of supporting the artist’s presidential run.
As quickly as Ye’s new put up surfaced, members of the crypto neighborhood warned that he was making an attempt to bypass middlemen by going straight to at least one. Many commenters careworn the significance of self-custody by way of chilly wallets. Some advised decentralized exchanges (DEXs) as a real various.
“Ye, anytime you purchase bitcoin on an change and go away it there, the change is the center man. You don’t actually personal it till you are taking it off the change,” mentioned the Bitcoin Convention. “The one solution to bypass the “intermediary” is to purchase straight out of your chilly pockets.”
These tweets had been amongst Ye’s Friday morning flurry of tweets on X, his first in a while. Round three posts had been about crypto. In one other put up, he questioned, “WHEN PEOPLE MAKE ALL THAT MONEY WITH A COIN IS THAT CASH OR CONCEPT.”
Most of his different posts contained quite a few antisemitic remarks, together with reward for Hitler and the assertion “I’m a Nazi.” He additionally touched on different matters, claiming his help for Sean “Diddy” Combs was “egocentric,” and falsely accusing Elon Musk of stealing his “Nazi Swag” on the inauguration.
Ye has a historical past of spreading hateful rhetoric on the platform, leading to a number of suspensions, together with one in December 2022 for antisemitic content material.
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