Kanye ’Ye’ West Denounces YZY Token, Claims Instagram Account Was Hacked in Shocking Crypto Turn
Another day, another celebrity crypto meltdown—but this one hits different when the artist himself slams his own token.
The Social Media Storm
Ye's Instagram erupted with posts disavowing the YZY token, sending shockwaves through crypto circles. The rapper-turned-entrepreneur claims hackers breached his account, though skeptics note the timing aligns perfectly with the token's recent volatility.
Market Fallout
YZY token holders watched values tumble as West's team scrambled to contain the damage. The incident exposes the fragile nature of celebrity-backed cryptocurrencies—where a single post can wipe out millions in market cap faster than you can say 'digital sheep.'
Just another reminder that in crypto, sometimes the biggest risk isn't the code—it's the humans behind it.
Kanye West Claims Instagram Account ‘Hacked’
The first YZY token, which launched days earlier, had seen trading volumes spike before a major sell-off drained over $24 million in liquidity.
Blockchain data from platforms like Birdeye and DEX Screener showed that wallet addresses connected to the deployer offloaded large portions of the supply shortly after launch.
West’s new post suggests that the earlier coin was unauthorized, and that he is only endorsing the one tied to the updated address and Instagram handle.
No further details were provided on how the alleged compromise occurred or who may have been behind the original launch. Meta, the parent company of Instagram, has not issued a public comment on the claim.
A few influencers and promoters had pushed the earlier YZY token across social media in the days before and after the initial trading frenzy. Some have since deleted their posts.The original token is currently trading at NEAR $0.
West’s team has not released a formal statement beyond the X post.
Community Express Distrust
The community has demonstrated a level of disbelief in the statement. Autism Capital posted on X following Ye’s clarification, saying, “Kanye West claims his IG was ‘hacked’ and was promoting a fake coin several days AFTER all the dumping was done of his original coin. He then advertised a NEW coin saying ‘this is the real coin.’”
Kanye West claims his IG was “hacked” and was promoting a fake coin several days AFTER all the dumping was done of his original coin. He then advertised a NEW coin saying “this is the real coin.” Haven’t we seen this playbook before? The grifting never ends. pic.twitter.com/XmNPIPJnpK
— Autism Capital
“Haven’t we seen this playbook before? The grifting never ends,” they said.
The situation adds to a growing number of celebrity-linked crypto controversies in 2024 and 2025, raising ongoing questions about how memecoins are launched, endorsed, and sold across platforms with limited oversight.
Frequently Asked Questions (FAQs)
Could Kanye West be held legally responsible for the initial token?It depends on evidence of consent or participation. If the promotion occurred through his verified account, civil claims could still arise.
How are celebrity memecoins typically launched?Often through coordination with promoters or influencers. Sometimes the celebrity is directly involved, other times not.
What precautions can the public take before buying celebrity tokens?Verify wallet links through official press releases or company filings. Social media alone is not a reliable confirmation method.
