American rapper and document producer, DeAndre Cortez Method, identified professionally as “Soulja Boy,” is as soon as once more within the highlight over his previous involvement in crypto and NFT promotions.
This time, he’s on the receiving finish of a recent wave of criticism from the on-chain analytics platform, Bubblemaps.
Soulja Boy’s Apology
The rapper just lately posted a tweet in a bid to make clear his position, saying he had no data that the infamous superstar meme coin promoter, Sahil Arora, was concerned or paying him to advertise something fraudulent. Soulja Boy stated that on the time, he was doing paid promotions with out totally understanding the crypto and NFT area. He went on to apologize to anybody who invested and suffered losses, and added that he has realized from previous errors.
Whereas taking partial duty for not conducting deeper due diligence again then, he wrote,
“Progress is studying from errors.”
The apology has achieved little to sway public opinion. As an example, Bubblemaps mocked the tweet and outlined a sample of conduct that portrayed the rapper as a repeat offender. The analytics platform laid out a sarcastic timeline – Soulja Boy promoted dozens of rip-off tokens in 2021, made “simple cash” and “watch all of them go to zero,” disappeared from the scene, waited 4 years, after which launched meme cash on the PumpFun platform, which once more went to zero.
Soulja Boy Blocked Bubblemaps
Bubblemaps famous that after being uncovered, Soulja Boy blocked the platform on X, tried to “come clear” whereas claiming ignorance, blamed Arora, grew to become a “creator” on Base, and repeated the cycle.
The controversy has roots in reporting by crypto sleuth ZachXBT, who in 2023 detailed Soulja Boy’s intensive involvement in crypto and NFT promotions. Based on him, Soulja Boy was linked to 73 crypto promotions and 16 NFT tasks later recognized as scams, throughout which the rapper allegedly earned greater than $730,000 from these promotions over the interval beneath evaluate.
These findings drew important criticism from the crypto group, and lots of questioned the rapper’s duty towards his followers and the buyers who misplaced cash. Critics argue that even when Soulja Boy was unaware of fraudulent exercise, the repeated sample of selling high-risk tasks that later collapse damages belief within the crypto ecosystem.
Again in 2022, Soulja Boy, together with different high-profile figures like Nick Carter, Ben Phillips, and Lil Yachty, confronted a lawsuit over their position within the failed SafeMoon cryptocurrency venture and have been accused of attracting buyers by misleading promotions.
The submit Bubblemaps Mocks Soulja Boy’s Apology, Calls Out Repeat Offender Habits in Crypto Promotions appeared first on CryptoPotato.