Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
Renowned rapper Curtis James Jackson III, better known as “50 Cent,” has claimed that his X account and website were hacked, with hackers promoting a cryptocurrency pump-and-dump token scam.
Also referred to as a “Rug pull,” fraudulent developers created a new crypto token, “GUNIT,” and used Jackson’s large X following of approximately 12.9 million followers to attract more investors and pump up the price before draining its value. The token’s price then crashed to $0.00016.
On June 21, Jackson posted to his 32.8 million Instagram followers claiming that his X account and website had been hacked and that a significant amount of the victim’s funds had been drained from the project.
