50 Cent’s X Hacked in Latest Crypto Pump-and-Dump Scheme

• Hackers used 50 Cent’s X account to promote a Solana-based fake memecoin.
• 50 Cent dissociated himself from GUNIT via an Instagram announcement.
• GUNIT surged 8,000% within minutes before plunging.

Hackers seized control of 50 Cent’s X account last Friday and used it to promote a pump-and-dump scheme involving the Solana-based memecoin GUNIT. A series of promotional posts for the fraudulent coin flooded 50 Cent’s X account in a short period.

The posts on the hacked account were elaborate, referencing brands associated with the rapper, including his cognac brand, and alluding to recent celebrity-related memecoin narratives like the Donald Trump Token (DJT) launched by Martin Shkreli.

The rap icon quickly distanced himself from the GUNIT memecoin via an announcement on his official Instagram account. He stated:

“My Twitter and Thisis50.com were hacked. I have no association with this crypto.”

In his statement, 50 Cent noted that X (formerly Twitter) acted swiftly to lock his account. However, he claimed that the perpetrators made $300 million in the 30 minutes the scheme was active.

At the time of writing, 50 Cent’s $300 million claim could no…

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