Source: Bernard Smalls / @BeanzGotGamez / 50 Cent
Someone apparently got rich on 50 Cent without having to die trying.
50 Cent says his X former Twitter account and website, ThisIs50.com, were victims of an encryption scam.
According to the rapper, the cyber thieves started with $3,000,000 by pushing a worthless GUNIT token according to the caption of his Instagram post.
“My Twitter and Thisis 50.com hacked, I have nothing to do with this Crypto. Twitter worked quickly to lock my account again. Anyone who ever did this made $3,000,000 in 30 minutes,” wrote the creator of “Ayo Technology”.
The Website Cointelegraph broke it all down, showing how hackers became instant millionaires through the system.
Per Cointelegraph:
Cointelegraph reviewed GUNIT memecoin trading data on Dex Screener, showing that many wallet addresses sold significant amounts of the token. Four accounts sold more than $100,000 worth of memecoin after it was promoted to the rapper's X account.
50 Cent claimed that users were defrauded of more than $300 million as a result, a figure that grossly overestimates the value that anonymous traders made from selling GUNIT tokens. At the time of publication, the token had a total trading volume of $19.4 million.
Celebrities & The Crypto Craze
While 50 Cent's foray into the cryptocurrency world was not of his making, many other celebrities were out there to push crypto, which caught the attention of the SEC.
Lil Yachty, Soulja Boy, Ne-Yo, Akon, Jake Paul, Lindsey Lohan, Austin Mahone, adult film actress Kendra Lust, 50 Cent's boyfriend Floyd Mayweather, TI and Kim Kardashian entered all in trouble for pushing encryption and having to come out of their pockets.
50 Cent is making sure he doesn't suffer the same fate by telling the SEC he had nothing to do with GUNIT coin.
