The post Rapper 50 Cent’s Twitter hacked to hype the GUNIT token appeared on BitcoinEthereumNews.com.

Hackers seized Curtis Jackson, alias 50 Cent’s Twitter, to promote a fraudulent Solana token called GUNIT. The pump-and-dump scam resulted in a $300 million loss before people could realize it. 50 Cent took to his Instagram to acknowledge his compromise. Also read: Binance faces U.S. court again over crypto securities allegations With many celebrities launching their meme coins in the past few weeks, it seemed reasonable that 50 Cent would take to his social media to shill his Solana coin. On Friday afternoon, his Twitter account was flooded with posts about the new Solana coin. Investors lost millions of dollars worth of crypto within minutes before the truth emerged. Fraudsters hacked his account for a pump-and-dump scam. Hackers post promotional content on 50 Cent’s Twitter  Rapper 50 Cent’s Twitter account made multiple tweets promoting GUNIT on Friday. The GUNIT token is a new Solana coin launched through Pump.fun. The posts were detailed, with some referencing the rapper’s cognac brand. The attackers also touched on recent celebrity-related stories, such as Andrew Tate’s DADDY Coin promotion.  There are reports that rapper 50 Cent’s social media accounts were hacked and used to promote a memecoin $GUNIT while disparaging another coin. Some sources claim this alleged token, possibly tied to 50 Cent, was “rugged,” meaning its value was manipulated by the creators to… pic.twitter.com/mT7E6vUE7h — CryptoCoins68 (@CryptoCoins68) June 22, 2024 Money started flowing into GUNIT’s coffers within minutes of the posts. The GUNIT token had a trading volume of $18.6 million, most of which streamed in within 40 minutes. It skyrocketed in value by 8,000% for some minutes before plunging. Within a short time, GUNIT’s liquidity drastically reduced, raising suspicion.  The rush investment soon started making sense. Many meme coins launched via Pump.fun skyrocketed in value with just a celebrity endorsement. Last week, the…

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Filed under: News - @ June 22, 2024 12:24 pm