The main dishes to remember:
- Kanye West posted a warning on X denying the first Yzy token, saying that his Instagram had been hacked.
- The deployment of the original token unloaded large amounts before the accident, which leads to more than $ 24 million in lost liquidity.
- The legal responsibility for celebrity cryptocurrency promotions is troubled when the mentions occur without formal declarations or disclosure.
Kanye West denied participation in a same on the recently launched Yzy theme that jumped and crashed earlier this month, declaring that his Instagram account had been compromised.
The complaint was published on West’s X (formerly known as Twitter) on August 26, in which he wrote: “My Instagram was hacked and he follows a false piece … The official project is @yzy_mny.”
He then promoted a different project, accompanied by a new Solana portfolio address.
Kanye West claims that the Instagram account “hacked”
The first Yzy token, which was launched a few days earlier, saw Spike negotiation volumes before a major sale to sell more than $ 24 million in liquidity.
Blockchain data from platforms like Birdeye and Dex Screenner have shown that portfolio addresses connected to the deployment have unloaded large parts of the food shortly after the launch.
The new West post suggests that the previous part has not been unauthorized and that it only approves that linked to the address updated and the Instagram handle.
No other details were provided on how the alleged compromise occurred or which may have been the source of the initial launch. Meta, the parent company of Instagram, has not published a public comment on the complaint.
Some influencers and promoters had pushed the previous Yzy token on social networks in the days preceding and after the frenzy of initial trading. Some have since removed their posts. The original token is currently negotiated at almost $ 0.
The West team has not published an official declaration beyond the X Post.
Community Express Merced
The community has demonstrated a level of disbelief in the declaration. Autism Capital posted on X according to the clarification of Ye, saying: “Kanye West says that his IG was pirated ” and promoted a false piece several days after the whole spill was made of his original piece. He then announced a new piece saying “it’s the real piece”.
Kanye West claims that his IG was “hacked” and promoted a false piece several days after the whole spill was made from his original piece. He then announced a new piece saying: “It’s the real piece.” Have we not already seen this manual? The grif never ends. pic.twitter.com/xmnpipjnpk
– Autism capital
(@Autismcapital) August 26, 2025
(@Autismcapital) “Have we not seen this manual before? The Grif never ends,” they said.
The situation adds to an increasing number of cryptographic controversies linked to celebrities in 2024 and 2025, raising in progress questions about how the same is launched, approved and sold on platforms with limited surveillance.
Frequently asked questions (FAQ)
It depends on the evidence of consent or participation. If the promotion occurs through its verified account, civil complaints could still occur.
Often by coordination with promoters or influencers. Sometimes fame is directly involved, other times not.
Check portfolio links via official press releases or company documents. Social media alone is not a reliable confirmation method.
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