50 Cent and his millions of social media followers fell victim to a cryptocurrency scam orchestrated by hackers. The scam involved the sale of a memecoin on the rapper’s account, resulting in the hackers making a significant amount of money before the scam was halted. Initially, it was reported that the hackers had made $300,000,000 in just 30 minutes, but the figure was later corrected to $3,000,000.
The scammers utilized 50 Cent’s X account and website, Thisis50, to promote the memecoin $GUNIT. In response to the incident, 50 Cent took to Instagram to clarify that he had no involvement with the cryptocurrency and that his Twitter and Thisis50.com had been hacked. Although Twitter was able to secure his account quickly, his X account and website remain inaccessible.
This unfortunate event serves as a reminder to exercise caution when it comes to celebrities endorsing cryptocurrencies. It is crucial to verify the legitimacy of any investment opportunities, especially when they are promoted by well-known figures. Scams in the crypto world are not uncommon, and individuals should always be vigilant and skeptical of any offers that seem too good to be true.
In light of this incident, it is essential for individuals to educate themselves about the risks associated with cryptocurrencies and to take steps to protect their assets. This includes using secure passwords, enabling two-factor authentication, and avoiding sharing personal information online. By staying informed and proactive, individuals can reduce the likelihood of falling victim to fraudulent schemes in the ever-evolving digital landscape.
