50 Cent Claims Hacker Stole $300M via X Account in 30 Minutes

John Darbie
Photo: Finoracle.net

50 Cent Claims Hacker Stole $300 Million in 30 Minutes Using His Social Media to Promote Crypto

50 Cent, also known as Curtis James Jackson III, has made a shocking allegation that a hacker managed to steal $300 million in just 30 minutes. The hacker allegedly used 50 Cent's website and his X account (formerly known as Twitter) to promote a cryptocurrency.

The Incident

Taking to Instagram on Friday, June 21, 50 Cent clarified that he had no connection with the $GUNIT cryptocurrency, which was being promoted on his platforms. He revealed that his Twitter and website Thisis50.com were hacked. The rapper, aged 48, stated, "I have no association with this Crypto. Twitter worked quickly to lock my account back down. Whoever did this made $300,000,000 in 30 minutes."

Fan Reactions

His followers quickly responded, with one user humorously suggesting, "This hacker deserves a Grammy." Another commented, "I love crypto but that’s not cool."

Screenshots and Current Situation

Screenshots of the "$GUNIT" memecoin were featured in 50 Cent’s Instagram post, showing its initial market value around $1 million. As of Saturday morning, 50 Cent's X account remained locked, and his personal website was also taken down.

50 Cent and Cryptocurrency History

In the past, 50 Cent was somewhat involved with Bitcoin. In 2018, it was reported that he generated sales of over 700 bitcoins from his Animal Ambition album, netting a value of about $662 each at that time. This reportedly landed him between $7 million and $8.5 million. However, during a bankruptcy filing that same year, 50 Cent asserted that he did not possess any bitcoin and had no assets linked to cryptocurrency. He admitted to accepting some early bitcoin payments but stated that he never profited from them.

Conclusion

This incident is a stark reminder of the escalating security threats in the digital world. As the popularity of cryptocurrency continues to rise, so does the risk of cybercrimes. Individuals and celebrities alike must remain vigilant to protect their online presence from such malicious activities.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.