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A bad actor reportedly hacked into rapper 50 Cent’s X account and stole millions of dollars worth of cryptocurrency after promoting a pump-and-dump scheme.
According to new a report By Fox Business The rap artist says his social media account was hacked by a scammer who stole $3 million in less than an hour.
50 Cent says the scammer used his account, which has 12.9 million followers, to promote a cryptocurrency token known as GUNIT. – In reference to the famous hip-hop group he co-founded – Which caused an unknown number of investors to buy it.
However, the code ended up being a pump-and-dump scheme, where the scammer created a new currency and used the rapper’s large social media reach to inflate its price before selling all of his holdings.
at recent days mail On Instagram, 50 Cent informed his fans that his X account as well as his website were hacked and also noted that he has no affiliation with the GUNIT code
“for me [X] Thisis50.com website was hacked. I have no affiliation with this crypto. [X] I worked quickly to lock my account again. Whoever did this made $3 million in 30 minutes.”
According to decentralized exchange (DEX) data aggregation platform Dex Screener, GUNIT is commerce For $0.0001245 at the time of writing with a market cap of $124,000.
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