James

Popular hip-hop rapper 50 Cent has found himself at the centre of a massive cryptocurrency scam. The “In Da Club” rapper, whose real name is Curtis James Jackson III, claims his X (formerly Twitter) account and website were hacked, leading to a staggering $300 million fraud.
The scammers created a new digital coin called “GUNIT” and used 50 Cent’s large following on X, about 12.9 million people, to attract investors. This “pump-and-dump” scheme quickly saw the token’s value skyrocket before crashing down, leaving investors high and dry.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf-0bcCcjep54XyVzcLLZzvU0jG6-z1I5lwgI6IQquW8Y_MJdxUbHG0LaEwosgNvq8hMhR3KbQ8h69vu7oXsyP2EIyWG9OfseoLM3dFknbuNjab9USbP8IMzw_uMnevE-zOdaBqCZd83EnOU_6LLBizXfsv?key=vCRfT8y5Nu20sQWn8sGT0Q" alt="AD 4nXf 0bcCcjep54XyVzcLLZzvU0jG6 z1I5lwgI6IQquW8Y MJdxUbHG0LaEwosgNvq8hMhR3KbQ8h69vu7oXsyP2EIyWG9OfseoLM3dFknbuNjab9USbP8IMzw uMnevE zOdaBqCZd83EnOU 6LLBizXfsv?key=vCRfT8y5Nu20sQWn8sGT0Q">
 <figcaption class="wp-element-caption">
 Image Source: <a href="https://www.instagram.com/50cent/p/C8fW3MrO46P/?hl=en&amp;img_index=1" target="_blank" rel="noopener noreferrer nofollow">50 Cent</a>
 </figcaption>
</figure>
50 Cent addressed the issue on Instagram, where he has 32.8 million followers. He said, “Twitter worked quickly to lock my account back down. Whoever did this made $300,000,000 in 30 minutes.” The rapper made it clear that he had nothing to do with this cryptocurrency.
However, this incident is part of a growing trend where famous people are linked to cryptocurrency launches. Recently, reality TV star <a href="https://www.cryptotimes.io/2024/05/27/caitlyn-jenners-meme-coin-promotion-sparks-hack-suspicions/" rel="noopener noreferrer nofollow">Caitlyn Jenner</a> also caused confusion when she promoted her own digital coin.
This 50 Cent case shows the risks in the world of cryptocurrency. It highlights how even well-known celebrities can be targets of online scams. For regular investors, it’s a reminder to be careful when considering new digital currencies, especially those promoted by celebrities. According to 50 Cent, investigations into the GUNIT scam are still going on.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/06/19/scammers-target-trump-2024-campaign-with-crypto-donation-frauds/" rel="noopener noreferrer nofollow">Scammers Target Trump 2024 Campaign with Crypto Donation Frauds</a>
</blockquote>

Rapper 50 Cent’s X Account Was Hacked, Leading to $300m Rug Pull

The Crypto Times

Inne artykuły opublikowane 22 cze 2024

Ripple Clears Hurdle in Court: XRP Not Ruled as Security, Claims Dismissed

JASMY and FLOKI Flop Dropping Almost 30%, AlexTheDoge Become Meme Saviour Rallying 100%

BNB’s Social Dominance Declines As Raboo Becomes A Community Favourite, Surging Past Ondo

Tether surpasses Visa in daily transaction volume on Tron

Investors Pull Funds from Bitcoin ETFs

Solana, Bitcoin Cash, And Algotech (ALGT) Look Ready For A God Candle; Which One Has 100x Prospects

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!