Kanye West Hit with $250M Lawsuit After Agreeing to Buy Crypto-Friendly Parler

The Satoshi Nakamoto cap-wearing Kanye goes the extra mile to avoid censorship, marking a new stage for crypto.

Kanye West Hit With $250M Lawsuit After Agreeing To Buy Crypto-Friendly Parler

Ye, previously known as Kanye West, has announced plans to acquire alt-right-leaning, crypto-friendly social media platform Parler. The Hip Hop mogul and entrepreneur asserted that move was in response to big tech companies censoring his thoughts: “In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves”, said the extravagant Hip Hop artist.

$250M George Floyd Lawsuit Follows Antisemitism Controversy

News of Ye’s Parler acquisition intent came out on October 17th, 2022, just one day after the rapper was forced out by JP Morgan. Ye’s Twitter & Instagram accounts were recently temporarily blocked due to hate speech that was largely directed at the Jews, claiming that they allegedly control the media. The rapper even identified his close colleague, renowned Hip Hop mogul P. Diddy, to be “possessed by the Jews”. However, that wasn’t all for Ye, who hopped on ‘The Drink Champs Podcast‘, hosted by the well-known rapper N.O.R.E. a.k.a Noreaga.


The interview turned out to be a complete disaster, as Kanye West made wildly “false statements about George Floyd’s death to promote his brands”, according to both the show’s host and George Floyd’s family.

The murder of George Floyd ignited a series of protests against police brutality in the U.S. after the victim’s neck was crushed by a police officer, as confirmed by Dr. Vik Bebarta, who claims that the police squad didn’t turn the victim onto his other side on purpose, as he screamed “I can’t breathe”.

Ye Booted Off Drink Champs Podcast

However, Ye’s take on the situation was rather different. According to the controversial musician, George Floyd’s cause of passing was fentanyl use. In a testimony during the court murder case, Hennepin County Chief Medical Examiner Dr. Andrew Baker revealed that, while the victim used fentanyl, it wasn’t the direct cause of his death, as the corrupt police officer had deliberately pressed his foot over the victim’s neck.

The exclusive interview on ‘Drink Champswas deleted, with N.O.R.E. issuing an immediate apology for having let Ye make “hurtful” and “misleading” claims on the sensitive subject of Mr. Floyd’s murder. The controvery comes just a couple of weeks after Kanye introduced White Lives Matter t-shirts at Paris Fashion Week, remarking that the tees are “like taking a cold shower which really wakes you up”.


Ultimately, Ye, who once scandalously claimed to be former President Trump’s biggest fan, might have found his perfect audience on Parler, as the social platform released 250 NFTs idolizing Donald Trump. With not many friends left in the Jewish and Black communities, the extravagant Hip Hop artist might be on the path to becoming a real-life Clayton Bigsby.

On the Flipside

  • Some crypto enthusiasts argue that Ye’s acquisition of Parler could simply be another publicity stunt.
  • By agreeing to buy Parler, Ye is likely searching for approval from the far-right.
  • Adidas has put its partnership with Kanye West on hold due to his recent racist comments.

Why You Should Care

Ye’s Parler acquisition could potentially accelerate crypto adoption among its users.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.