Burna Boy Rejects Meme Coin Linked to His Name, Labels Crypto Scheme as Fraud

Popular Nigerian Afrobeat icon and Grammy award-winning artist, Burna Boy, has firmly distanced himself from a trending meme coin that has recently surfaced on the social media platform X (formerly known as Twitter). The cryptocurrency token, which is falsely being associated with the artist’s brand and name, prompted Burna Boy to publicly declare that he has absolutely no involvement in any form of crypto-related venture.

In a bold and straightforward statement shared via his Instagram story, Burna Boy openly condemned the meme coin and the individuals promoting it under the guise of his endorsement. He emphasized that he perceives such cryptocurrency schemes as fraudulent activities. The singer categorically stated that he does not engage in any “internet coin” business and made it clear that he has no interest or connection to any such digital financial operations.

Burna Boy also used this opportunity to caution his fans and the general public. He encouraged everyone to either ignore or formally report any individual or group using his name to promote digital coins or cryptocurrencies. His message was a direct warning against being misled by unauthorized figures who attempt to capitalize on his global brand without consent.

His exact statement on Instagram reads:

“I don’t do any internet ‘coin’ business. I see it as fraud and I have no interest in any of that. So if you see anyone using my name for such, please disregard or report them.”

This development follows a broader concern within the digital finance space where celebrities’ names are increasingly being used without permission to promote crypto coins and tokens. Such scams aim to deceive unsuspecting investors and fans by creating a false sense of legitimacy.

For readers who want to understand more about the risks associated with crypto scams and meme coins, reputable financial watchdogs like the U.S. Securities and Exchange Commission (SEC) have published guidelines on how to identify and avoid crypto frauds.