Rapper 50 Cent's X account and website were recently hacked, leading to the promotion of a fraudulent cryptocurrency token named "GUNIT." The hackers used the star's large following to attract investors, inflated the token's price, and then drained its value, a scam known as a "Rug pull." The scam reportedly swindled $300 million from victims. 50 Cent has since clarified that he has no association with the crypto. This incident follows a trend of celebrities being associated with cryptocurrency launches, including Caitlyn Jenner's recent entry into the memecoin market with her own token.