Ye Claims His Instagram Was Hacked After YZY Money Launch: ‘It’s Following a Fake Coin’

Ye (formerly Kanye West) has claimed that his Instagram account has been hacked following the launch of his YZY Money meme coin.

“My Instagram has been hacked and it’s following a fake coin,” he wrote to X on Tuesday (Aug. 26). “The official project is @YZY_MNY.”

Taking a look over at Ye’s Instagram, he’s following two people. One being his wife, Bianca Censori, and another is a Yeezy Token account (yzytkn), which West is saying was executed by the hackers and has nothing to do with his legit coin.

The Yeezy Token account currently boasts less than 1,000 followers and has made one post, but fans have flooded its comments section, letting others know the account’s not affiliated with Ye.

West launched the official YZY Money meme coin on the Solana blockchain on Aug. 20. “Yeezy money is here,” Ye wrote in his announcement to X. “A new economy, built on chain.” 

According to CoinGecko, as pointed out by Forbes, YZY Money’s value initially ballooned to a market cap of $3 billion before fizzling to $1.5 billion.

The website for Yeezy Money is running as a marketplace for interested consumers to purchase and sell YZY Money. “YZY MONEY IS A CONCEPT TO PUT YOU IN CONTROL, FREE FROM CENTRALIZED AUTHORITY,” a message on the site reads. “YZY IS THE CURRENCY THAT POWERS ALL TRANSACTIONS WITHIN YZY MONEY.”

The embattled Chicago-bred superstar has long been fascinated with cryptocurrency, as Ye gave flowers to those who were early on driving the Bitcoin wave during a 2020 interview with Joe Rogan.

“These guys really have a perspective on what the true liberation of America and humanity will be,” Yeezy said at the time. “A lot of the tech guys, but specifically [Bitcoin] guys were able to use the new highways, the new information highways, and create the next frontier of our existence while the powers of our political system are still anchoring on the electoral college, which was based around slavery.”