A foul actor has reportedly hacked into rapper 50 Cent’s X account and stolen tens of millions of {dollars} value of crypto after selling a pump-and-dump scheme.
Based on a brand new report by Fox Enterprise, the rap artist says that his social media account was hacked by a scammer who made away with $3 million in below an hour.
50 Cent says that the fraudster used his account, which has 12.9 million followers, to advertise a crypto token referred to as GUNIT – a reference to the favored hip-hop group he co-founded – inflicting an unknown quantity of traders to buy it.
Nevertheless, the token ended up being a pump-and-dump scheme, the place a fraudster created a brand new coin and used the rapper’s massive social media following to inflate its value earlier than promoting all holdings.
In a latest post on Instagram, 50 Cent notified his followers that his X account in addition to his web site have been compromised and in addition famous that he has no affiliation with the GUNIT token
“My [X] and Thisis 50.com was hacked. I’ve no affiliation with this crypto. [X] labored rapidly to lock my account again down. Whoever did this made $3 million in half-hour.”
Based on the decentralized alternate (DEX) data-aggregating platform Dex Screener, GUNIT is trading for $0.0001245 at time of writing with a market cap of $124,000.
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