50 Cent’s Twitter Hacked in $300 Million Crypto Scam

50 Cent's Twitter Hacked in $300 Million Crypto Scam

50 Cent reveals his Twitter account was hacked to promote a fraudulent cryptocurrency, resulting in a $300 million scam. Learn about the incident and 50 Cent’s history with Bitcoin.

Bollywood Fever: 50 Cent appears to have fallen victim to a crypto scheme.

On Friday, 50 took to Instagram to reveal that a fraudster had made $300 million in 30 minutes by hacking into his Twitter account and Thisis50.com to promote a cryptocurrency.

50 Cent's Twitter Hacked in $300 Million Crypto Scam

“My Twitter & Thisis 50.com was hacked,” 50 Cent wrote. “I have no association with this Crypto. Twitter worked quickly to lock my account back down. Whoever 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 that 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, 50 Cent 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.

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Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

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