PANews reported on February 8 that according to The Block, American rapper Kanye West said on social media that he hopes to have a dialogue with Coinbase CEO Brian Armstrong on "cryptocurrency-related matters." Prior to this, he revealed that he had received a $2 million proposal asking him to issue tokens, but he rejected the proposal and stopped cooperating with the proposer.

According to the chat screenshots released by Kanye, this cooperation requires Kanye to promote a RUG disk Meme coin and pay an advance payment of US$750,000. Eight hours after posting, Kanye can announce that his account has been stolen and pay another US$1.25 million 16 hours after posting. The mastermind behind the scenes said that this cooperation can make tens of millions of dollars in profits.