Lil Tay Crypto Token 'LilTay' Emerges on BNB Chain Amidst False Reports on Rapper's Death
False reports about the death of internet-famous 14-year-old rapper Lil Tay have triggered the emergence of an unofficial crypto token named "LilTay" on the BNB Chain.
The launch of the token coincides with the development of an Ethereum-based "Liltay Token" by her ex-manager, Harry Tsang.
The BNB Chain version of the LilTay token has a limited supply of just over 100 tokens and has yet to be traded.
While there are different speculations around the team behind the token, some have suggested that opportunistic crypto enthusiasts may have sought to capitalize on the media hype surrounding the alleged death or pay tribute to the young influencer.
Meanwhile, Tsang has claimed that the upcoming Ethereum token is unrelated to the BNB Chain version.
It is also not clear whether Lil Tay herself is involved with the Ethereum token.
However, the project's Twitter account has been sharing development updates for months before the fake death scandal.
Last week, the official Instagram account of Lil Tay, whose real name is Tay Tien, published a now-deleted post claiming her death alongside her brother.
She subsequently issued a statement to TMZ, clarifying that she and her brother were alive and well, attributing the misinformation to a third-party compromise of her Instagram account.
Tsang has said that no official launch has taken place on BNB Chain, referring to the Etherscan blockchain explorer and the token page on the verification platform Assure DeFi.
The Liltay Token's Twitter account, the one launched by Tsang, has also cautioned followers about potential scammers leveraging the situation.
It has warned fans against falling victim to scams involving money transactions related to $LilTay.
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