Kanye West’s Instagram hacked and now follows fake YZY coin account

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Key Takeaways

Kanye West’s Instagram account was reportedly hacked.
The hack aimed to promote the fraudulent $YZY memecoin.

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.

Kanye West’s Instagram hacked and now follows fake YZY coin account

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.

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