Ye Claims Adidas Has Put $75M Hold On His Accounts & Froze His Money, Can’t Even Use Apple Pay
The artist formerly known as Kanye West continues to shed light on his upcoming run for president and some of the backlash from his fallout with several big-name designers, including Adidas. Ye has been spending time in his new studio in Inglewood, where he’s been busy repurposing a bunch of Balenciaga clothes as YE 24 merch and inviting people in for impromptu walk-arounds. His latest one has been very revealing.
Ye’s 2020 run for president was a sort lived, impulse-driven decision following a 4th of July Tweet about running. He ended with very few votes and seemed content to go back to his life of hip-hop and designing. This changed earlier this week when he announced his ambitions to try again in 2024. He made his announcement only a week after his buddy. Donald Trump announced he would be running again. West has been prepping for his next go at president with an expansive line of rebranded Balenciaga clothing that he is planning on selling for $20 an item, something he had initially went into his Gap and Adidas brand partnerships wanting to do.
Speaking of Adidas, West says that them dropping him was a big proponent for his decision to run again. In the latest video from his new studio, Kanye reveals that the sneaker giant has $75 million frozen across several of his accounts with Chase Bank. West says that he wants the FCC to investigate his bank accounts and find out how Adidas was able to legally freeze up all his money. Ye believes if he gets the FCC involved in his finances that no other company could go into his accounts and do this again.
A visibly rattled West says that he was not even able to use his ApplePay a few nights earlier. “I couldn’t use my Apple Pay because somehow Adidas was able to legally go in and freeze my money,” he said. West also says that he went from being a multibillionaire to not even being able to access his accounts. “when I see this, I think if this can happen to me, this can happen to other Americans. This can happen to an American that didn’t even steal anything, that didn’t even hurt anyone.” West believes he is the victim of saying the wrong idea out loud.
People in the comments section took several different stances. Many felt this is a sign of the dangers of digital currency. “Now imagine a world with digital currency only like they are pushing for. Good luck,” said one person. Another responded, “This happens to 100s of thousands of people around the world every day. Why? Because international banks with subsidiaries the US are bound to US laws & regs – worldwide!”
Kanye is reportedly looking to run alongside former president Trump this go round and not against him. Kanye Tweeted a few days ago, “Can’t believe I kept President Trump waiting. What you guys think his response was when I asked him to be my running mate in 2024?”