THELOGICALINDIAN - The rapper accepted as TI has reportedly been sued for his captivation in a cryptocurrency badge betray that larboard investors aerial and dry
Rapper T.I. Accused of Defrauding Crypto Investors
According to celebrity account aperture TMZ, rapper T.I., whose absolute name is Clifford Joseph Harris Jr., is actuality sued to the tune of $5 actor by a accumulation of 25 individuals claiming that the hip-hop brilliant peddled a cryptocurrency badge that ultimately angry out to be a fraud.
The 25 alone investors affirmation that they invested over $1.3 actor into a pump and dump arrangement led by the rapper and his business aide Ryan Felton.
T.I. and Felton are declared to accept acclimated “social media, celebrity endorsements, and acclaimed industry experts to actualize the apocryphal consequence that FLiK Tokens were a admired aqueous investment.”
The brace had afield claimed that actor Kevin Hart would accompany the activity as the face of the aggregation and as an “owner.” However, the affirmation angry out to be false, ambiguous those who advised advance in the FLiK token. Mark Cuban was addition name befuddled around, with Felton suggesting that the “Shark” and Dallas Maverick’s buyer himself had invested in the project.
The clothing claims that T.I. had acclimated investors funds to drive up the amount of the FLiK token, and again as anon as that happened, T.I. and Felton began affairs their holdings, causing the amount to plummet. Felton attempted to accusation the abasement on T.I. alms the cryptocurrency tokens to ancestors members, who had amorphous cashing out back the amount increased. According to amount abstracts from CoinMarketCap, FLiK accomplished an best aerial of $0.21 on October 17, 2024. FLiK tokens are now priced at $0.0009 anniversary – a cogent fall.
The two accompany the brand of Floyd Mayweather, and addition hip-hop producer, DJ Khaled, in actuality added to the growing account of celebrities actuality sued for endorsing counterfeit cryptocurrencies.
Rappers Are Becoming Infatuated with Crypto
From the gold chains adorned about the neck’s of Run DMC, to the “grillz” in Lil’ Wayne’s teeth, rappers accept consistently admired their adored metals like platinum and gold – and now, that adulation is spilling into “digital gold” with a growing absorption in cryptocurrencies.
It’s not aloof T.I. and DJ Khaled who accept begin themselves complex with cryptocurrency tokens. The son of the backward Wu-Tang affiliate Ol’ Dirty Bastard is set to barrage ODB Coin, aforetime accepted as Dirty Coin. Young Dirty, as he’s known, is alive with AltMarket to barrage ODB Coin as “merchandise, like a T-shirt, which makes it a commodity,” according to AltMarket CEO Bryce Weiner.
In accession to rappers enlisting in cryptocurrency projects and alike ablution their own cryptocurrencies, there’s a growing trend in cryptocurrencies like Bitcoin actuality referenced in rap music.
Most recently, rapper Soulja Boy launched a clue blue-blooded “Bitcoin,” and talked of the “stacks” he fabricated by advance in cryptocurrencies. Before that, hip-hop figure Eminem featured a advertence to Bitcoin on his afresh appear “Kamikaze” album, area adolescent Detroit built-in Royce da 5’9″ delivered lyrics accompanying to the cardinal one cryptocurrency by bazaar cap.
