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Rapper 50 Cent's Account Hacked, $300 Million Stolen Through Meme Token GUNIT
According to BlockBeats, renowned rapper Curtis James Jackson III, better known by his stage name '50 Cent', reported that his X account and website were hacked. The hackers used his account to promote and sell the Meme token GUNIT, defrauding victims of $300 million.
The hackers reportedly exploited 50 Cent's large following, approximately 12.9 million fans, to attract more investors and inflate the price before performing a 'rug pull'. A 'rug pull' is a type of scam where developers abandon a project and run away with investors' funds.
50 Cent stated, 'Twitter quickly froze my account. Whoever did this made $300 million in 30 minutes, and I have no connection with this cryptocurrency.' This incident underscores the potential risks associated with cryptocurrencies and the importance of robust security measures.
The hackers reportedly exploited 50 Cent's large following, approximately 12.9 million fans, to attract more investors and inflate the price before performing a 'rug pull'. A 'rug pull' is a type of scam where developers abandon a project and run away with investors' funds.
50 Cent stated, 'Twitter quickly froze my account. Whoever did this made $300 million in 30 minutes, and I have no connection with this cryptocurrency.' This incident underscores the potential risks associated with cryptocurrencies and the importance of robust security measures.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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