{"id":77567,"date":"2023-04-20T14:49:03","date_gmt":"2023-04-20T11:49:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77567"},"modified":"2025-09-11T00:03:25","modified_gmt":"2025-09-10T21:03:25","slug":"researcher-soulja-boy-earned-at-least-730000-from-nft-scams","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/researcher-soulja-boy-earned-at-least-730000-from-nft-scams\/","title":{"rendered":"Researcher: Soulja Boy earned at least $730,000 from NFT scams"},"content":{"rendered":"<p>Rapper Soulja Boy conducted 73 promotions and 16 drops on Twitter, many of which were scams. Among them: RapDoge, Orion, The Life Token, SaferMars and ParrotsDAO.<\/p>\n<p>According to on-chain analyst zachxbt, the earnings could amount to at least $730,000.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">On-chain detective <a href=\\\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\\\">@zachxbt<\/a> revealed that American rapper Soulja Boy made 73 promotions and 16 NFT drops on Twitter, many of which were scams, including: RapDoge, Orion, The Life Token, SaferMars, Flokinomics, and ParrotsDAO, etc. Recently Soulja Boy was sued for Tron and\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\\\"https:\/\/twitter.com\/WuBlockchain\/status\/1648712958204350464?ref_src=twsrc%5Etfw\\\">April 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On April 12, 2023, Soulja Boy, among others<a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-summoned-to-court-in-tron-case\"> were accused<\/a> as an accomplice of an unregistered securities offering in the form of Tron (TRX) and BitTorrent (BTT).<\/p>\n<p>The rapper pushed back against the agency&#8217;s complaint. If Soulja Boy does not appear in court within 21 days, a default judgment for damages will be issued against him.<\/p>\n<p>In February, the hip-hop artist<a href=\\\"https:\/\/www.classaction.org\/media\/merewhuader-et-al-v-safemoon-llc-et-al.pdf\\\"> became one of the defendants<\/a> in a class-action suit regarding the alleged &#8216;fraudulent crypto project&#8217; named SafeMoon.<\/p>\n<p>While many praised Soulja Boy for on-chain activity, Zachxbt called him &#8216;among the most shameless promoters in the crypto space&#8217;.<\/p>\n<p>One of the most blatant examples of scams was the RapDoge project.<\/p>\n<p>On July 19, 2021, Soulja Boy wrote on Twitter: &#8216;Let\\&#8217;s pump RAPDOGE to $.000001 and bring all our friends with me and Lil Yachty&#8217;.<\/p>\n<p>Within hours, the project underwent a rug pull. Lil Yachty, Quavo and Soulja Boy received compensation for shilling.<\/p>\n<p>A similar fate befell the rapper&#8217;s Orion and The Life Token. They used charities dedicated to cancer research and suicide prevention.<\/p>\n<p>The most high-profile case was the SaferMars project. Soulja Boy accidentally left details of his compensation in a promotional tweet, deleting it after signs of a scam.<\/p>\n<p>The story repeated with ParrotsDAO. The rapper urged on Twitter &#8216;Gather your money and place your bets&#8217;, but 24 hours later the project rug-pulled.<\/p>\n<p>zachxbt attributed Soulja Boy with authorship of various NFT collections. In 2021 the analyst counted nine of them.<\/p>\n<p>One of them named Soulja Boy FT allegedly had many utility scenarios, but the website was shut down.<\/p>\n<p>In April 2023, the hip-hop artist ran seven different NFT collection drops. One of them included Ferrari and Nike logos. Within a few hours <a href=\"https:\/\/forklog.com\/en\/news\/why-opensea-is-the-most-popular-nft-marketplace\">OpenSea<\/a> blocked listings of the tokens due to intellectual property rights violations.<\/p>\n<p>In some of the newer NFT collections the rapper promised exclusive unlocks for his upcoming blockchain game and other &#8216;participants-only&#8217; perks, noted zachxbt. In fact he continued to mint new series, paying no heed to the negative experiences of earlier buyers, he added.<\/p>\n<p>Against the backdrop of a recent rebound in the crypto market, Soulja Boy charged up to $12 000 for promotional posts on Instagram and $10 000 \u2014 in Twitter, the analyst counted.<\/p>\n<p>According to zachxbt, such activity could have earned the rapper roughly $730 000 in total. And this is &#8216;only an approximate estimate&#8217;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Time for another influencer and celebrity shill price list leak ? <a href=\\\"https:\/\/t.co\/TygtKHKaFr\\\">pic.twitter.com\/TygtKHKaFr<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\\\"https:\/\/twitter.com\/zachxbt\/status\/1644030130686394368?ref_src=twsrc%5Etfw\\\">April 6, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u00abIt is perfectly obvious that Soulja Boy will do whatever it takes to make money, regardless of whether it harms his fans or not. I suspect there are more examples than I found. The rapper&#8217;s punishment should serve as a warning to others, as litigation has not slowed his activity\u00bb<\/em>, the expert concluded.<\/p>\n<\/blockquote>\n<p>In 2018, Soulja Boy dedicated a song to the first cryptocurrency.<\/p>\n<p>In 2022, the rapper became one of the participants in the Decentraland festival.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rapper Soulja Boy conducted 73 promotions and 16 drops on Twitter, many of which were scams. Among them: RapDoge, Orion, The Life Token, SaferMars and ParrotsDAO.<\/p>\n","protected":false},"author":1,"featured_media":77568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1415,1213,1246],"class_list":["post-77567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celebrities","tag-nft","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77567"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77567\/revisions"}],"predecessor-version":[{"id":77569,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77567\/revisions\/77569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77568"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}