tl;dr
Recent reports suggest that Kanye West, now known as Ye, may have sold his X (formerly Twitter) account to Barkmeta ahead of a planned crypto launch. Concerns have been raised about Barkmeta's alleged involvement in fraudulent activities, including a track record of orchestrating fraudulent ventures...
Recent reports suggest that rapper and entrepreneur Kanye West, now known as Ye, may have sold his X (formerly Twitter) account to Barkmeta ahead of a planned crypto launch. Concerns have been raised about Barkmeta's alleged involvement in fraudulent activities, including a track record of orchestrating fraudulent ventures. There are suspicions that Barkmeta may have ties to Ye's crypto venture, with allegations of a potential scam surrounding the upcoming token launch. Despite these claims, Kanye West has denied any involvement with Barkmeta and has emphasized the legitimacy of his coin launch. The crypto community is closely monitoring the situation amid mounting concerns over Barkmeta's role and Ye's online activity.
The sale allegedly comes ahead of a planned crypto launch, raising concerns about the involvement of untrustworthy third-party groups with a track record of fraud. Crypto influencers have been warning about potential scams and raising red flags regarding the project.
Barkmeta, a meme coin trader and Doginals figure, is at the center of the controversy. The entity has been accused of orchestrating fraudulent ventures, including the alleged rug pull of the POX token in 2022 and the collaboration with crypto traders to launch the DeFiApes NFT collection in 2023. The latter project reportedly saw a significant influx of funds but was ultimately abandoned, leading to a substantial loss for investors.
Mounting evidence suggests Barkmeta's ties to Ye's crypto venture, with industry insiders drawing attention to the alleged sale of Ye's X account and Barkmeta's involvement in hyping the upcoming meme coin launch. Suspicious behavior, such as evasive responses and a notable shift in online activity, has further fueled speculation.
Despite these claims, Kanye West, also known as Ye, has denied any involvement with Barkmeta, emphasizing the legitimacy of his upcoming crypto launch. He has dismissed allegations of his account sale and highlighted the forthcoming coin's next-level status. However, concerns remain within the crypto community, with users reporting the deployment of the official Ye meme coin, YZY, and cautioning against potential interactions with associated websites.
As the situation unfolds, the crypto community is bracing for potential fallout and closely monitoring Barkmeta's role and Ye's online activity.
In light of these developments, the crypto community is on high alert, closely monitoring the evolving situation and preparing for potential repercussions.