Kanye West said on 26 Aug. that his Instagram account had been compromised and used to follow a page promoting what he described as a fraudulent version of the newly issued YZY memecoin. Screenshots circulating on social-media platforms showed the verified account following the purported token’s profile, fueling speculation that the breach was intended to lend credibility to the fake asset. The allegation comes just days after West’s own YZY token debuted in the volatile meme-coin market. Data shared by crypto commentators indicate the officially endorsed token has fallen more than 80% from its launch price, intensifying investor scrutiny. West has not provided further technical details about the hack or clarified whether he is working with Meta Platforms, which owns Instagram, to investigate the incident.