In a stunning turn of events, it has been reported that a malicious individual has hacked into the personal account of renowned rapper 50 Cent, stealing a whopping sum of millions of dollars worth of cryptocurrency. The incident occurred after the hacker engaged in a deceitful pump-and-dump scheme.

According to a detailed report by Fox Business, the rap icon revealed that his social media account fell victim to a scammer who effortlessly swindled $3 million in less than sixty minutes. The fraudster shamelessly employed 50 Cent’s account, which boasts an impressive following of 12.9 million, to promote a crypto token called GUNIT. This particular token was named after the highly influential hip-hop group that the rapper co-founded, further adding to its appeal. Consequently, numerous investors were enticed into purchasing the token.

Unfortunately, the GUNIT token turned out to be nothing more than an elaborate pump-and-dump scheme. The scammer created this new coin and exploited the rapper’s massive social media following to artificially inflate its value before promptly selling off all of their holdings.

In an effort to inform his loyal fans, 50 Cent took to Instagram to reveal that his X account, as well as his website, had been compromised. He made it abundantly clear that he had absolutely no affiliation with the fraudulent GUNIT token. The rapper expressed his frustration, stating, “My [X] and Thisis 50.com was hacked. I have no association with this crypto. [X] worked quickly to lock my account back down. Whoever did this made $3 million in 30 minutes.”

As per the decentralized exchange (DEX) data-aggregating platform Dex Screener, the current trading price of the GUNIT token stands at $0.0001245, with a market capitalization of $124,000.

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