# Is Kanye West's Bitcoin giveaway legitimate or just a scam?

Jessica Washington · August 4, 2026

> Cryptocurrency scams, including those claiming to be giveaways, are rampant, with research indicating that over $2.5 billion was lost to crypto scams...

Cryptocurrency scams, including those claiming to be giveaways, are rampant, with research indicating that over $2.5 billion was lost to crypto scams globally in 2021 alone, a figure that has likely risen as the crypto market grows

Scammers often create fake websites that mimic real companies.

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