50 Cent claims his social accounts fell victim to a cryptocurrency scheme.
Fox News reports the rapper’s X account had been hacked to promote a cryptocurrency token called $GUNIT. The token’s name suggests his former Hip-Hop group G-Unit.
On Friday, June 21, 2024, the scammer allegedly wrote on 50 Cent’s account, “$GUNIT for winners only…” Complex reports 50 Cent’s Instagram account included screenshots of the $GUNIT crypto, which showed under $1 million in market value, and that number quickly increased.
The message gained popularity, accumulating 57,000 likes on June 22 and drawing hundreds of users to the comments section, with some even making purchases.
Despite this, 50 Cent stated he was not associated with the venture, and his accounts were later locked, Fox News notes. 50 Cent claims the hacker made $3 million within 30 minutes from the scam. It’s not possible to verify 50 Cent’s assertions, nor is there a way to confirm if the hacker earned the alleged $3 million.
“My Twitter & Thisis 50.com was hacked I have no association with this Crypto,” 50 Cent wrote on Instagram on June 22. “Twitter worked quickly to lock my account back down. Who ever did this made $3,000,000 in 30 minutes.”
One user commented on 50 Cent’s post stating, “First time hesitating saved me… cos I was about to go all in.”
While 50 Cent insists he is not connected to this venture, his past association with bitcoin may have influenced many to think it was him. As AFROTECH™ previously reported, the rapper had already made history when he accepted payment in bitcoin for his album “Animal Ambition” when it released in 2014.
50 Cent reportedly received 700 bitcoins for the album in 2014, which was worth more than $7.5 million in 2018, according to NPR.
“Not Bad for a kid from South Side, I’m so proud of me,” 50 Cent commented at the time on his Instagram.
