Recent developments in the cryptocurrency space have raised concerns regarding a potential scam involving Kanye West's social media account. Reports indicate that a prominent figure in crypto scams allegedly paid $17 million to gain control of West's account. This figure is linked to multiple previous scams, including the launch of Network Token, which raised $1 million before collapsing. Additionally, the individual has been implicated in other scams, including a project that raised 22,000 ETH and another that collected $172,000 before failing. The situation has sparked discussions about the ethics of paying such a large sum for social media access, with some commentators suggesting that West's decision to sell access for $20 million could be a savvy move, despite the surrounding controversy. The implications of this incident could further impact the already volatile memecoin market, which has seen a recent $100 million scam that involved a major memecoin scam ring.