Curtis “50 Cent” Jackson will not be resistant to crypto scams. The “Within the Membership” rapper turned media mogul, revealed he was the sufferer of a cryptocurrency rip-off that netted hackers tens of millions of {dollars}.
Jackson shared on Instagram that his Twitter account and web site, Thisis50.com, had been hacked to advertise a fraudulent cryptocurrency, leading to a $3 million acquire for the scammers inside half-hour.
“My Twitter & Thisis 50.com was hacked,” 50 Cent wrote. “I’ve no affiliation with this Crypto. Twitter labored rapidly to lock my account again down. Whoever did this made $3,000,000 in half-hour.”
Get this: the hackers used a tactic often known as a “pump-and-dump” scheme, the place they flooded the accounts with promotional messages to inflate the cryptocurrency’s worth artificially. Screenshots in 50 Cent’s submit confirmed the $GUNIT crypto skyrocketing from below $1 million in market worth.
This incident highlights social media platforms’ vulnerability to safety breaches and the benefit with which they are often exploited for monetary scams. The rise of celeb meme cash, which regularly rely on celeb endorsements to spice up their costs, has exacerbated the issue, making them engaging targets for such schemes.