Hackers focus on 50 Cent with fake cryptocurrency fraud.

Hey there, hip-hop fans! Guess what? The famous rapper 50 Cent has some thing to share with you all. It seems that some sneaky hackers managed to choose management of his X account and individual internet site to advertise a phony cryptocurrency. Yikes!

On June 21, the guy behind the tunes, Curtis James Jackson, aka 50 Cent, hopped on Instagram to inform his 32.8 million followers about the stability breach on each his X account and the internet site, thisis50.com. Can you consider it?

These cyber criminals made a decision to use the platforms to press a new meme coin known as GUNIT, named after the iconic hip-hop group founded by 50 Cent in the late 1990s. What a wild scheme!

Resource: 50 Cent on Instagram

Just to set the document straight, 50 Cent has no affiliation with this bogus cryptocurrency. The star of the “Expendables 4” clarified that the hackers exploited his substantial social media subsequent to appeal to unsuspecting buyers. Sneaky, appropriate?

The scam concerned launching the GUNIT token and leveraging 50 Cent’s substantial affect β€” he is acquired about 12.9 million followers on X β€” to artificially inflate the token’s benefit. As people poured in their money, the price of GUNIT shot up, only to occur crashing down to $.00016 after the scammers offered off their stash.

50 Cent even showed off some screenshots on Instagram, showcasing the rollercoaster journey of GUNIT’s marketplace worth. The hackers reportedly made away with a jaw-dropping $300,000,000 in just half an hour. Communicate about a digital heist!

Now, let us dive into the figures. An assessment of GUNIT’s buying and selling exercise on Dex Screener reveals that the token’s complete investing quantity in the very last 16 several hours is shut to $20 million. That’s a whole large amount of cash switching arms!

It’s fairly appealing to note that 5 accounts unloaded over 670 million GUNIT tokens valued at a lot more than $2.3 million. Now, this meme coin boasts 2,799 holders and a market place cap of $330,000. Who would’ve assumed?

50 Cent targeted by hackers pushing fake cryptocurrency - 2
Best sellers of GUNIT: Supply: Dex Screener

This just isn’t the initial time 50 Cent has dipped his toes into the crypto entire world. Back in 2018, experiences emerged that the rapper raked in millions by accepting Bitcoin (BTC) as payment for his album, “Animal Ambition,” back in 2014. What a pioneer!

In accordance to TMZ, 50 Cent amassed all around 700 BTC, valued at about $662 each at the time, bagging him a awesome $463,000. Cha-ching!

TMZ even speculated that the songs maestro’s BTC holdings could’ve been worth between $7 million and $8.5 million in 2018 when the story broke. That is some critical digital dough!

Even with all the buzz, Jackson, who also wears the producer hat for a number of hit Tv exhibits, dismissed these statements in court, insisting that when he did welcome cryptocurrency as payment, it did not guide to any main gains for him. Ailtracurrency adventures, right?

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