Well-known rapper Curtis James Jackson III, higher often called “50 Cent”, stated his X (previously Twitter) account and web site have been hacked, which led to the hackers selling a pump-and-dump cryptocurrency token that stole $300 million from victims.
Fraudulent builders, also referred to as “carpet pullers”, created the brand new crypto token “GUNIT” and used Jackson’s large X – about 12.9 million subscribers – to draw extra traders and lift the value, earlier than reducing its worth and the token’s value. fell to $0.00016.
On June 21, Jackson posted a message to his 32.8 million Instagram followers claiming that his X account and web site had been hacked, and acknowledged {that a} vital quantity of the sufferer’s funds had been siphoned from the mission.
“Twitter rapidly blocked my account. Whoever did this made $300,000,000 in half-hour,” Jackson stated, earlier than declaring that he had “nothing to do with this crypto.”
He posted three pictures exhibiting posts from different members of the crypto neighborhood discussing the $GUNIT memcoin, with charts exhibiting a pointy spike in value adopted by a pointy drop – a typical pull sample.
The information comes after plenty of celebrities have been linked to cryptocurrency launches lately.
The rise of celebrities selling memecoins
Caitlyn Jenner, one of the vital current celebrities to enter the crypto-memecoin market, has induced confusion within the business attributable to combined reviews following the launch of her personal token.
Speculations about her X account being hacked have been initially dismissed however later resurfaced. On the identical time, she protected the JENNER token itself.
On Might 27, Cointelegraph reported that Jenner X’s account had posted a press release urging followers to “ship me a few of your favourite memcoins.”
On the subject: Memecoins are the “cornerstone” of crypto – the Galaxy’s Novogratz
She later eliminated the submit, however doubled down on JENNER’s promotion.
“This third get together token advert has been eliminated! As I stated from the start, my solely focus is on $Jenner and the advert I posted confused too many individuals and wasn’t price it. As I’ve stated time and time once more, I am completely targeted on my token $Jenner,” she posted on X.
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