Overview
- Pollak disclosed placing about $1,500 worth of ETH into a newly launched Soulja Boy–linked memecoin on Coinbase’s Base network.
- Community critics cited ZachXBT’s 2023 research that documented six promoted tokens that collapsed or were flagged as rug pulls.
- The investigator also listed at least nine NFT collections from 2021 that were later deleted, removed from marketplaces, or failed to deliver promised utility.
- ZachXBT estimated roughly $730,000 in prior promo earnings for the rapper based on a leaked rate card showing fees per social post.
- Soulja Boy denied knowingly promoting fraud, blamed third-party handlers including a figure he named Sahil, apologized to affected investors, and said he has improved his due diligence.