Soulja Boy Apologizes After Ties to Dozens of Crypto and NFT Scams

Published at 2025-12-15 09:16:26

Soulja Boy issued a public apology after blockchain sleuth ZachXBT connected the rapper to promotional activity for 73 cryptocurrencies and 16 NFT projects that were subsequently exposed as scams. The investigator’s thread laid out promotions and timelines that tied Soulja Boy’s endorsements to projects that later collapsed or were flagged by researchers.

The episode highlights ongoing risks around celebrity-backed tokens and NFTs, where retail buyers can suffer heavy losses and regulators are increasingly focused on paid promotions. Soulja Boy did not immediately detail any restitution or steps to address affected followers, and the case reinforces calls for clearer disclosure and accountability in influencer marketing within the crypto space.

Share on:

Related news

Binance Seeks Five More APAC Licenses in Major Asia Push

Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

Published at 2026-03-04 08:00:10
Trump Urges Banks to Back GENIUS Act, Calls Weakening 'Unacceptable'

Donald Trump urged banking groups on March 3 to “strike a favorable deal” with the crypto industry and warned any effort to weaken the GENIUS Act is “unacceptable.” His intervention raises political pressure as lawmakers negotiate the stalled bill.

Published at 2026-03-04 01:30:55
SoFiUSD Comes to Mastercard Network for Stablecoin Settlements

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

Published at 2026-03-03 18:15:27
ECB Warns Stablecoins Could Erode Bank Lending and Monetary Policy

The European Central Bank cautioned that rising stablecoin use may shift deposits away from banks, weakening banks’ lending capacity and the transmission of monetary policy across the euro area.

Published at 2026-03-03 11:45:14
JPMorgan Pushes into Stablecoins, Urges Banking-Style Regulation

JPMorgan is expanding into stablecoins while arguing these tokens should be regulated under the same framework that applies to banks. The stance underlines traditional finance’s bid to shape crypto oversight as competition intensifies.

Published at 2026-03-03 10:30:18