50 Cent Hacked by Scammers Promoting Memecoins
Get rich or hacked trying.
Rapper 50 Cent found himself a victim of hackers who promoted a memecoin using his name. Despite his involvement in cryptocurrency, he clarified he had no link to the coin in question.
Hackers Take Over 50 Cent’s Twitter and Website
On Saturday, 50 Cent announced that his Twitter account and website (ThisIs50) were hacked. The hackers used his platforms to promote a memecoin called $GUNIT—named after his former group, G-Unit. The rap artist shared the unfortunate event on Instagram, stating: "My Twitter & Thisis50.com was hacked. I have no association with this Crypto. Twitter worked quickly to lock my account back down. Whoever did this made $3,000,000 in 30 minutes."
Quick Gains for Hackers
While it's difficult to verify the exact financial success claimed by 50 Cent, it's clear that the scam worked to some extent. Cryptocurrencies can be used for quick financial gains by scammers, who often take over prominent accounts to pump the values of certain coins.
Not an Isolated Incident
This type of scam isn't new. For instance, Hulk Hogan also faced a similar situation this month. The confusion can be even greater because some celebrities, like rapper Iggy Azalea and Caitlyn Jenner, have launched their own volatile coins.
50 Cent’s Crypto Connections
Given 50 Cent’s previous activity in the crypto space—reportedly owning millions of dollars’ worth of Bitcoin—it’s easy to see why people might have quickly believed the memecoin's legitimacy. But 50 Cent emphasized he has no connection to $GUNIT.
A Warning for Crypto Enthusiasts
As the internet flood with different cryptocurrencies, this incident serves as a caution. Be careful about buying random cryptocurrencies promoted online. Not every coin is genuine, and even prominent figures can fall victim to these scams.
Stay informed and navigate the crypto space carefully.
