Key Takeaways
- Kanye West’s Instagram account was reportedly hacked.
- The hack aimed to promote the fraudulent $YZY memecoin.
Share this article
Hackers took over the Instagram account of Kanye West, who now calls himself Ye Ye, on Tuesday and followed a counterfeit YZY Money profile, the rapper confirmed in a post on X. The fake YZY Money account promoted a bogus YZY coin on its profile.
The incident comes after Ye launched the YZY token on the Solana blockchain last week and introduced a payment system called YZY Money. The token briefly reached a market cap of over $400 million before crashing below $75 million, per GeckoTerminal.
This is a developing story. Please come back for further updates.
Share this article