Soulja Boy apologizes for promoting crypto and NFT scams

Rapper Soulja Boy has apologized for selling dozens of crypto and non-fungible token initiatives flagged as scams by blockchain investigator ZachXBT in 2023.

The “Crank It” artist’s social media exercise between 2021 and 2023 has a number of posts selling crypto tokens and NFT collections to his tens of millions of followers. ZachXBT alleges that a lot of these promotions concerned initiatives that both collapsed inside days of his messages, had been deserted, or had been outright fraudulent.

Soulja Boy, whose actual identify is DeAndre Cortez Method, addressed the allegations in an announcement posted on X early Monday morning. He mentioned he was unaware of the fraudulent nature of the initiatives on the time and admitted there have been failures in his previous judgment.

“I need to be clear and clear. I had no information {that a} scammer named Sahil was concerned or paying me to advertise something fraudulent. On the time, I used to be doing paid promos with out understanding the crypto/NFT house the way in which I do now. This was years in the past, and I’ve realized lots since then,” the rapper-turned-crypto-investor claimed.

I need to be clear and clear.
I had no information {that a} scammer named Sahil was concerned or paying me to advertise something fraudulent. On the time, I used to be doing paid promos with out understanding the crypto/NFT house the way in which I do now.

This was years in the past, and I’ve realized a… https://t.co/y4g2Qno6LS

— Soulja Boy (Draco) (@souljaboy) December 14, 2025

He continued to apologize to his followers, saying he was “genuinely sorry and it was by no means his intention” to advertise rug pull initiatives. “I take accountability for not doing deeper due diligence again then, and I’ve moved very in another way since. Progress is studying from errors,” Soulja Boy concluded.

ZachXBT listed 5 rip-off initiatives promoted by Soulja Boy

In keeping with ZachXBT’s X thread in April 2023, Soulja Boy promoted crypto and NFT drops at the least 73 occasions since March 2021. The investigator mentioned 16 of the NFT collections lauded by the rapper later turned scams or failed ventures, Cryptopolitan reported.

One of many cited examples was a token often known as RAPDOGE, which Soulja Boy had talked about severally in mid-2021. “On July 19, 2021, Soulja Boy Tweeted out: “let’s pump $RAPDOGE to $.000001 and let’s get all our pals in on this, are you with me lilyachty” Within the following hours the venture rug pulled after receiving shills from Lil Yachty and Quavo as effectively,” the investigator wrote.

The RAPDOGE token has since change into defunct, and traders suffered losses after liquidity was withdrawn shortly after the promotional push.

ZachXBT additionally talked about Soulja Boy’s tussle with the US Securities and Trade Fee (SEC), which had filed a criticism accusing him and a number of other different celebrities of unlawfully selling tronix (TRX) and BitTorrent (BTT).

The SEC alleged that the promotions did not disclose the rapper had been compensated for endorsing the tokens, alongside actor Lindsay Lohan, WWE athlete and influencer Jake Paul, artists Akon and Ne-Yo.

Two initiatives often known as Orion and The Life Token had been additionally a part of Soulja Boy’s cake, which he allegedly used for charitable causes.

“Orion & The Life Token, these two initiatives used most cancers and suicide prevention charities as a method to pump the worth. Inside one month of the shill Orion, rugged and Twitter was deleted. The Life Token was deserted in early 2022,” ZachXBT surmised.

Soulja Boy promoted a unique venture known as Flokinomics that fraudulently claimed to be linked to Elon Musk and paid for media promotion to make it look actual, however its liquidity was ultimately taken away. Per ZachXBT’s estimates, the “Superman” rapper earned greater than $730,000 from crypto and NFT promotions in the course of the interval underneath assessment.

Superstar will get cleared from 2-year lengthy Cryptozoo court docket case

There have been a number of well-known names talked about alongside failed crypto initiatives inside the final 12 months, however maybe essentially the most talked about was Logan Paul’s Cryptozoo frenzy. The WWE famous person and on-line character closed the chapter on the defunct NFT venture authorized dispute after a US district decide upheld the dismissal of a category motion lawsuit accusing him of deceptive traders.

The lawsuit, filed in 2023, alleged that Paul and his associates promoted an NFT-based recreation that promised earnings via breeding and buying and selling digital animals. The venture by no means fully obtained off the bottom, which led to claims that traders had been lied to and that the trouble was a “rug pull.”