Kanye West, now known as Ye, has reportedly sold his X (formerly Twitter) account to Barkmeta in preparation for an upcoming crypto launch. However, the decision has sparked controversy and raised suspicions within the crypto community, as Barkmeta is linked to alleged fraudulent activities and scam ventures.

Barkmeta, a meme coin trader and prominent figure in the crypto world, has faced accusations of orchestrating fraudulent schemes in the past. Industry insiders have expressed concerns about Barkmeta's involvement in Ye's crypto venture, citing his questionable track record.

One on-chain analyst, Blade, highlighted Barkmeta's involvement in previous incidents such as the POX token rug pull and the DeFiApes NFT collection launch, which resulted in significant losses for investors. Blade also pointed out inconsistencies in Barkmeta's responses during a recent Twitter Space discussion promoting the upcoming meme coin launch.

Furthermore, suspicions have been raised about Barkmeta's control over Ye's X account and his association with the AB84 X account, which promoted a fraudulent token known as "Yeezy Coin." Despite Barkmeta's claims of owning Ye's account, Ye has denied any ties to Barkmeta and emphasized that his official coin launch will be transparent and legitimate.

As the crypto community awaits further developments, including the rumored launch of the official Ye meme coin, concerns persist about Barkmeta's influence and the potential risks associated with Ye's crypto endeavors. Stay tuned for updates on this unfolding story.