Donald Trump

<ul class="news-points"> 
 <li>Hackers used 50 Cent’s X account to promote a Solana-based fake memecoin.</li> 
 <li>50 Cent dissociated himself from GUNIT via an Instagram announcement.</li> 
 <li>GUNIT surged 8,000% within minutes before plunging.</li> 
</ul> 
Hackers seized control of 50 Cent’s X account last Friday and used it to promote a pump-and-dump scheme involving the Solana-based memecoin GUNIT. A series of promotional posts for the fraudulent coin flooded 50 Cent’s X account in a short period. 
The posts on the hacked account were elaborate, referencing brands associated with the rapper, including his cognac brand, and alluding to recent celebrity-related memecoin narratives like the Donald Trump Token (DJT) launched by Martin Shkreli. 
The rap icon quickly distanced himself from the GUNIT memecoin via an announcement on his <a href="https://www.instagram.com/p/C8fW3MrO46P/?igsh=MWZqMTJpejV0YnJ0aA%3D%3D&amp;img_index=1" target="_blank" rel="nofollow">official Instagram account</a>. He stated: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “My Twitter and Thisis50.com were hacked. I have no association with this crypto.” 
</blockquote> 
In his statement, 50 Cent noted that X (formerly Twitter) acted swiftly to lock his account. However, he claimed that the perpetrators made $300 million in the 30 minutes the scheme was active. 
At the time of writing, 50 Cent’s $300 million claim could no…
The post <a href="https://coinedition.com/50-cents-x-hacked-in-latest-crypto-pump-and-dump-scheme/">50 Cent’s X Hacked in Latest Crypto Pump-and-Dump Scheme</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

50 Cent’s X Hacked in Latest Crypto Pump-and-Dump Scheme

Coin Edition

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