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Soulja Boy, Lil Yachty Named in Lawsuit


Rolling Loud Miami 2021

Photo: Getty Images

Soulja Boy and Lil Yachty have been named in a class-action lawsuit over a cryptocurrency "pump and dump" scheme. According to the lawsuit, the scheme was meant to benefit SafeMoon founder and CEO Braden John Karony and other top executives. The alleged scheme was that Soulja, Yachty, and others would endorse SafeMoon to increase the number of investors and have them think the best is coming if they invest now. After a time, the company would allegedly do a "slow rug pull" method and inform investors the value of the tokens had plummeted leaving investors high and dry. 

There's a lot to unpack here and I would love to unpack it for you, unfortunately, I have no idea what any of this means lol


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