50 Cent\'s X (Formerly Twitter) and Thisis50.com Hacked to Promote Crypto Scam

50 Cent's social media accounts and website were reportedly hacked over the weekend, and the rapper's accounts were used to promote a pump-and-dump crypto scam to his millions of followers.

A post on X (formerly Twitter) from Curtis James Jackson III, also known as 50 Cent, warned his followers that his X account and Thisis50.com webpage were hacked last Friday to promote a scam crypto coin.

My Twitter & https://t.co/iaLj5OUvRT was hacked I have no association with this Crypto. Twitter worked quickly to lock my account back down. Who ever did this made $3,000,000 in 30 minutes. pic.twitter.com/I07Eqpc2xl

While X was able to quickly lock his accounts, 50 Cent claimed that the hackers "made $3,000,000 in 30 minutes" promoting the supposed new meme coin $GUNIT.

50 Cent Hacking Likely Part of Pump-and-Dump Scams

The hacking is most likely part of a pump-and-dump scheme, where scammers release a new cryptocurrency and promote it on compromised accounts with a large following before draining its value, CoinTelegraph reported.

In line with the report, the price of the $GUNIT meme coin crashed immediately from $1 million to $0.00016 per token after more people were notified about the scam.

It is still unclear who the hackers were that performed the "rug pull" scam on 50 Cent's accounts.

More Celebrities Involved in Crypto Scams

The hacking of 50 Cent's accounts comes as more celebrities' names are being used in suspicious crypto schemes, with the scammers attempting to use the personalities' goodwill with the public to scam their followers.

Earlier in February, the late Matthew Perry's X account was hacked to promote a fake crypto-related site for people to help "others struggling with the disease of addiction."

The situation was quickly resolved after the real Matthew Perry Foundation stepped in to warn customers, but several followers of the "Friends" star were already scammed by the scheme.

In some cases, the celebrities' images are being used without their consent to scam potential customers into believing their legitimacy.

This is separate from the instances where celebrities themselves get involved in memecoin and other supposed new cryptocurrency ventures, only for the platforms to shut down after draining millions of dollars from people.

News source：https://www.kdj.com/cryptocurrencies-news/articles/cent-twitter-thisis-hacked-promote-crypto-scam.html

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