- Hackers used 50 Cent's X account to advertise a pretend Solana-based meme coin.
- 50 Cent introduced his severing ties with GUNIT through an announcement on Instagram.
- GUNIT surged 8,000% inside minutes earlier than plummeting.
Hackers hijacked 50 Cent's X account final Friday and used it to advertise a pump-and-dump scheme involving Solana-based meme coin GUNIT. Posts selling the rip-off coin had been inundated on 50 Cent's X account in a brief time frame.
Posts from the hacked accounts had been elaborate, referencing manufacturers related to the rapper, resembling his Cognac model, in addition to alluding to latest tales of celebrity-related meme cash, resembling Donald Trump Token (DJT), launched by Martin Shkreli.
The rap icon was fast to distance himself from the GUNIT meme coin through an announcement on his official Instagram account, the place he acknowledged:
“My Twitter and Thisis50.com had been hacked. I’ve nothing to do with this cryptocurrency.”
50 Cent famous in a press release that X (previously Twitter) acted shortly to lock his account, however the perpetrators claimed they made $300 million within the half-hour the scheme was underway.
On the time of writing, 50 Cent's $300 million declare couldn’t be verified, however a number of information sources point out that the rip-off coin generated $18.6 million in buying and selling quantity inside 40 minutes, growing in worth by roughly 8,000% earlier than plummeting as liquidity dried up.
Analysts imagine the hackers are capitalizing on the continued meme coin craze within the crypto business. 50 Cent is certainly one of a number of celebrities who’ve been hacked and impersonated in latest weeks. Earlier this month, hackers took over former WWE champion Hulk Hogan's X account to advertise the rip-off coin HULK, which noticed $82 million in buying and selling quantity in sooner or later.
In accordance with information from DEXScreener, on the time of writing, GUNIT’s market cap is $157,000 and the token is buying and selling at $0.0001585.
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