50 Cent appears to have fallen victim to a crypto scheme. On Friday, 50 hopped on Instagram to reveal that a fraudster had made $300 million in 30 minutes by hacking into his Twitter account, as well as Thisis50.com, to promote a cryptocy.
“My Twitter & Thisis 50.com was hacked,” Fif wrote. “I have no association with this Crypto. Twitter worked quickly to lock my account back down. Who ever did this made $300,000,000 in 30 minutes.”
50’s Instagram post included screenshots of the $GUNIT crypto, which started under $1 million in market value and quickly skyrocketed.
The news arrives six years after TMZ reported 50 Cent had made upwards of $7 million in Bitcoin profits.
Back in 2018, the outlet claimed 50 was the first rapper to accept bitcoin as payment for his Animal Ambition album upon its 2014 release. The project reportedly earned him 700 bitcoins in total. At the time, each bitcoin was worth $662, so 50 pocketed approximately $463,000 in sales. By then, a stake of that size had grown to roughly $7.8 million.
A month later, Fif filed a sworn testimony in his 2015 Chapter 11 bankruptcy case to clarify that he doesn’t own, “and have not owned, either a bitcoin account or any bitcoin,” according to documents obtained by TMZ.
U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…
The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…
Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…
A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…
Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…
A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…