Someone apparently hacked 50 Cent’s accounts to peddle a memecoin and made off with millions

In a shocking turn of events, 50 Cent’s social media accounts and website were hacked on Friday, and the scammers used them to promote a cryptocurrency scam. According to reports, the scammers made off with millions of dollars before the scheme was shut down.

The scam involved promoting a cryptocurrency called $GUNIT on 50 Cent’s Twitter account and website, Thisis50.com. The hackers claimed that $GUNIT was a new cryptocurrency that would revolutionize the way people invest in cryptocurrencies. They promised unsuspecting investors that they could make millions of dollars by investing in $GUNIT.

However, the whole thing was a pump-and-dump scam, where the scammers artificially inflated the price of the cryptocurrency and then dumped it on unsuspecting investors. The scammers used 50 Cent’s influence and popularity to promote the scam, which made it seem legitimate to many people.

In a post on Instagram, 50 Cent confirmed that his accounts had been hacked and distanced himself from the scam. He wrote, “My Twitter & Thisis50.com was hacked I have no association with this Crypto.” He also thanked Twitter for quickly locking down his account to prevent further damage.

The exact amount of money that the scammers made is still unclear, but 50 Cent initially reported on Instagram that they had made $300,000,000 in just 30 minutes. However, this figure has since been revised downward to $3,000,000 as of Saturday afternoon.

This incident serves as a warning to celebrities and influencers who use social media to promote cryptocurrencies. It is not uncommon for scammers to use the influence of celebrities to promote their fraudulent schemes, and this incident highlights the need for caution when promoting cryptocurrencies online.

In conclusion, the hacking of 50 Cent’s accounts and the promotion of a fraudulent cryptocurrency on his platform is a serious reminder of the dangers of online scams. It is important to be cautious when investing in cryptocurrencies and to do thorough research before parting with any money. As 50 Cent himself said, “Stay safe out there, and be wary of celebrities shilling crypto.”