Kanye West, also known as Ye, announced that he turned down a $2 million offer to promote a cryptocurrency scam. The proposal included sharing a fraudulent crypto promotion with his 32.6 million followers, followed by a claim that his account had been hacked. West revealed in a post that he was offered $750,000 upfront to promote a 'fake ye currency' for 8 hours, with an additional $1.25 million payout after 16 hours. He highlighted the potential loss for victims, stating, 'I said no and stopped working with their person who proposed it.' His refusal to participate has sparked discussions in the crypto community, with some commentators suggesting he should leverage crypto for merchandise sales instead of launching a memecoin. The incident comes in the context of recent celebrity memecoins, highlighting both the risks and the marketing implications in the cryptocurrency space.

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