Renowned rapper 50 Cent, also known as Curtis James Jackson III, reported that his social media account and website were hacked, leading to the promotion of a pump-and-dump cryptocurrency token called 'GUNIT.' Fraudulent developers utilized 50 Cent's large following to attract investors, causing the token's value to plummet. Despite claiming a $300 million loss for users, the actual trading volume of the token was $19.4 million. This incident follows a trend of celebrities entering the crypto market, with Caitlyn Jenner also facing speculation of a hacked account after promoting her own token. The confusion surrounding celebrity involvement in cryptocurrencies highlights the risks of rug pulls and scams in the industry. Conor Daly, a Polkadot supporter, even shared his family's investment in DOT, showcasing the diverse interactions between celebrities and the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news