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Cryptocurrency journalist Colin Wu spreads the word about the famous American rapper, actor and businessman 50 Cent (the actual name is Curtis James Jackson III) losing his X account to hackers for a short period of time. The hacker(s) used his account for promoting a scam coin GUNIT, allegedly released by them.

After the rapper recovered access to his X handle, he revealed on Instagram that he had no connection to that token whatsoever and that the hacker had earned hundreds of millions of US dollars in mere minutes.

50 Cents clarifies scam token situation

Colin Wu wrote in his tweet that 50 Cents had published an X post, promoting meme coin GUNIT as he also published a link which he urged his followers to click on. Within just thirty minutes after that the GUNIT market cap soared to a whopping $8 million.

The hacker then conducted a rugpull, depriving investors of a staggering $300 million in just half an hour. That’s what 50 Cent wrote on his Instagram account, making it clear that he was not affiliated with GUNIT coins. He also shared that he had recovered access to his X handle but while the account was in the hands of the hacker(s), they released the meme coin and made money on it.

The tweet promoting GUNIT was deleted by the rapper once he was able to access his account.