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Kanye West's X Account: Crypto Scam Fears Emerge Amid Barkmeta Links

Coin WorldMonday, Feb 24, 2025 3:17 am ET
1min read

Kanye West's X Account Sale Sparks Crypto Scam Fears

Rumors have surfaced that Kanye West may have sold his X account, formerly known as Twitter, to Barkmeta for $17 million ahead of a crypto launch. This claim has raised concerns within the crypto community, with analysts warning of potential fraud linked to Barkmeta's history.

Barkmeta, known for meme coin trading, is alleged to have acquired Ye's account. Crypto insiders have long accused Barkmeta of orchestrating scams. In 2022, Barkmeta was reportedly behind the POX token rug pull. The following year, he was linked to the DeFiApes NFT collection, which raised 22,000 ETH, valued at over $40 million at the time. The project collapsed, leaving investors with heavy losses.

On-chain analyst Blade pointed out that Ye's account activity had changed dramatically, fueling speculation about the sale. Posts became focused on crypto, aggressively promoting an upcoming meme coin launch. Ye's account also started following Barkmeta's team member, known as Tall, who some believe is an alternate Barkmeta account. Blade stated, "The chance that Ye's account was sold is above 95% and I strongly advise against investing in the meme coin."

Further suspicions arose when Barkmeta hosted a Twitter Space hyping the project as the biggest meme coin launch. His responses to tough questions were described as evasive, adding to skepticism. Adding to the confusion, the AB84 X account, allegedly controlled by Barkmeta, promoted a token called "Yeezy Coin." The token was exposed as a scam after being rug pulled within hours.

Barkmeta responded sarcastically, joking about owning Ye's account. He even shared an image showing two phones—one logged into Ye's X account and another displaying his own. This further fueled speculation that he had direct access to the account.

Ye has strongly denied any involvement with Barkmeta. "This is not real. I don’t know this person," he stated. He acknowledged past betrayals but assured fans that when he launches a coin, it will be official and transparent. A crypto user recently reported that an official YZY meme coin appears to have been deployed but warned against engaging with suspicious links directing users to a site called BankofY

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Gejdhd
02/24
Smells like a pump and dump to me. Watch out for those rug pulls, folks.
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CrimsonBrit
02/24
I'm holding $ETH, avoiding meme coins for now
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Dependent-Teacher595
02/24
@CrimsonBrit How long you been holding ETH? Any specific stocks or predictions you're eyeing?
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WorkingCareful7935
02/24
Ye's crypto moves seem fishy, I'm staying clear
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aj_cohen
02/24
Keep your crypto safe from scam coins, folks
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1kczulrahyebb
02/24
Meme coins are a Wild West of crypto. Not all cowboys are trustworthy.
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racoontosser
02/24
Barking mad if I invest in Yeezy Coin 😂
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Jazzlike-Check9040
02/24
@racoontosser Yikes, but HODLing for the Yeezy moon 🌕😜
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pellosanto
02/24
Is Ye's account hacked or legit sold? 🤔
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Still_Air2415
02/24
@pellosanto Maybe hacked? 🤷♂️
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Free-Initiative7508
02/24
@pellosanto Not sure, but watch out for scams.
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Zhukov-74
02/24
If Ye's account is compromised, this could get ugly fast. Stay vigilant
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MrJSSmyth
02/24
Meme coin hype feels like a pyramid scheme
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slumbering-gambit
02/24
@MrJSSmyth True, meme coins feel sketchy.
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moazzam0
02/24
Who'd invest in a meme coin hyped by sketchy characters? Not me, thanks. 🚀
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