Kanye West recently revealed an attempt to exploit his fanbase through a proposed cryptocurrency called “Ye Coin.” The artist, formerly known as Kanye West, shared that he was approached with an offer of $750,000 upfront and an additional $1.25 million after the coin’s launch. However, Ye later claimed his account was hacked to avoid being linked to a possible fraudulent scheme.
With over 30 million followers on X, the coin’s launch could have generated massive profits for its creators. Ye, however, made it clear that he has no interest in creating a cryptocurrency, stating, “I’M NOT DOING A COIN. I MAKE PRODUCTS. I’M TOO RICH TO DO ANYTHING ELSE.” He criticized the hype surrounding cryptocurrencies, comparing it to sneaker culture, which often exploits fans.
This revelation raises concerns about similar proposals targeting other celebrities, potentially leading them into scams that harm their followers.
