Oops, I Did It Again!

So, guess who’s back in the headlines? It’s your favorite rapper-turned-crypto-promoter, Soulja Boy! He just dropped an apology, and let me tell you, it’s got all the heartfelt vibes of a Netflix breakup scene.

From Rapping to Rug Pulls

Our boy, known in the privacy of his mom’s living room as DeAndre Cortez Way, admitted to some serious missteps in the crypto world. Between 2021 and 2023, Soulja Boy was throwing out endorsements like confetti, promoting various crypto tokens and non-fungible tokens (NFTs) to his legion of fans. And guess what? Some of these projects were as shady as a two-dollar bill!

Lessons Learned (the Hard Way)

In his announcement, Soulja Boy stated he had no idea he was pushing scams. “Look, I didn’t know that a total fraudster named Sahil was in the mix, paying me to back his shaky projects,” he pleaded. “Back then, I was doing paid promotions, flying blind. Now I’m all about that crypto knowledge.” Who knew promoting digital collectibles could be such a learning experience?

Deep Sorries to His Fans

He continued with his heartfelt apology, saying, “I’m genuinely sorry, folks! It was never my intention to promote anything that stunk of scam. I take full responsibility for not digging deeper back then. I’ve grown since then, and I’m learning from every mistake!”

The Numbers Don’t Lie

Now, let’s talk facts. According to blockchain sleuth ZachXBT, in just over two years, Soulja Boy promoted crypto and NFTs a whopping 73 times! And a staggering 16 of those collections hit the dirt faster than a bad haircut. One particularly notorious example is the RAPDOGE token. Soulja was trying to rally the troops, tweeting something like, “Let’s pump $RAPDOGE up!” But boom! The project rug-pulled quicker than you can say “get rich quick scheme.”

Legal Shady Business

Things got even messier when the U.S. Securities and Exchange Commission (SEC) joined the party, slapping Soulja Boy and some other celebs with complaints for promoting tokens like TRX and BTT without mentioning they were getting paid. Talk about keeping secrets!

The Charity Conundrum

Alongside his other projects, Soulja Boy was associated with Orion and The Life Token, both of which allegedly used noble causes like cancer and suicide prevention to pump up their prices. Spoiler alert: both projects ended up flopping faster than a DJ at a silent party.

Cashing Out

In the midst of this crypto rollercoaster, it’s said Soulja Boy raked in about $730,000. Not too shabby, huh? But, with great power (and a social media following) comes great responsibility!

Other Crypto Celebrity Fiascos

And he’s not the only one in hot water! Remember Logan Paul’s Cryptozoo drama? Yeah, that trainwreck involves potential rug pulls with NFTs that promised profits but instead led to a lot of head-scratching and empty wallets.

The Final Wrap

So folks, heed the wisdom of Soulja Boy: vet your investments! Because, at the end of the day, the crypto world can be as wild as a reality show reunion, and nobody wants to be the next contestant on the ‘What Was I Thinking?’ episode.