Rapper 50 Cent informed his 32.8 million Instagram followers that over $300M in victim funds were lost in a malicious rug pull via his X account.
Renowned rapper Curtis James Jackson III, better known as “50 Cent,” has claimed that his X (formerly Twitter) account and website were hacked, leading to hackers promoting a cryptocurrency pump-and-dump token that swindled $300 million from victims.
Also referred to as a "Rug pull," fraudulent developers created a new crypto token "GUNIT," used Jackson's large X following — approximately 12.9 million followers — to attract more investors and pump up the price, before draining its value and the token's price crashing to $0.00016.
On June 21, Jackson made a post to his 32.8 million followers on Instagram claiming that his X account and website had been hacked, as well as acknowledging a significant amount of victim's funds had been drained from the project.
