Rapper 50 Cent says his X account and website were hacked before posts were made promoting the pump-and-dump cryptocurrency token.
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.
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.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.
Cointelegraph reviewed trading data of the GUNIT memecoin on Dex Screener, showing that multiple wallet addresses sold significant amounts of the token. Four accounts sold more than $100,000 of the memecoin following its promotion on the rapper’s X account.
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