- Renowned rapper 50 Cent claims a hacker earned $300 million in just 30 minutes by compromising his website and social media accounts.
- 50 Cent publicly addressed the security breach on Instagram, asserting no personal involvement in the incident.
- He emphasized the quick reaction of Twitter to secure his account and mentioned the swift rise in value of a cryptocurrency named $GUNIT.
Renowned rapper 50 Cent asserts his accounts were hacked, leading to an astonishing $300 million cryptocurrency scam within 30 minutes.
50 Cent’s Accounts Hacked: The $300 Million Scam
On June 21, Friday, 50 Cent took to Instagram to reveal that both his personal website and Twitter account were hacked. The rapper stressed that he had no connection to the hack and shared screenshots showcasing the promotion of a cryptocurrency named $GUNIT, which initially had a market value under $1 million but saw a rapid increase.
Twitter’s Rapid Response: Securing the Account
In his Instagram post, 50 Cent highlighted the quick actions of Twitter to re-secure his account, stating, “Twitter quickly locked my account. The individual made $300 million within 30 minutes.” This swift response from Twitter prevented further potential financial exploits but did not negate the concern surrounding the unprecedented rise in $GUNIT’s value during the hack.
50 Cent’s History with Cryptocurrency
Though this incident marks his latest brush with cryptocurrencies, 50 Cent has a notable history in the digital currency sphere. Back in 2018, TMZ reported that the rapper had earned substantial profits from early Bitcoin adoption. Specifically, it was revealed that his 2014 album “Animal Ambition” was available for purchase through Bitcoin, earning him around 700 Bitcoins, valued approximately at $662 each at that time. This venture suggested earnings between $7 million to $8.5 million.
Clarification on Bitcoin Profits: The Court’s Revelation
Despite these impressive figures, 50 Cent later disclosed, during bankruptcy proceedings, that he had not gained financially from Bitcoin. Court documents revealed that, despite accepting Bitcoin, no actual revenue was obtained from these transactions, contradicting earlier reports of substantial cryptocurrency gains.
Conclusion
This recent hacking incident involving 50 Cent’s accounts underscores the volatile and often risky nature of the cryptocurrency market. As digital assets continue to grow in popularity, the focus on cybersecurity must intensify to protect individuals and financial systems. The incident also highlights the rapid financial transformations possible within the crypto market, emphasizing the importance of vigilance for all stakeholders involved.
