50 Cent fans invested in a token meme and lost $300 million
Fans of rapper Curtis Jackson, known under the pseudonym 50 Cent, allegedly lost $300 million after believing the advertising of a token meme.
On June 21, attackers hacked 50 Cent's account in the social network X, which is banned in Russia, and published messages on his behalf about the meme-based cryptocurrency Real Nigga 50 (GUNIT), issued in the Solana (SOL) network. After that, the rate of the digital asset increased dozens of times in a matter of minutes, but then just as quickly collapsed by 99%. As a result, the coin was almost completely devalued, and investors were left with a broken trough.
GUNIT ads in X
GUNIT's capitalization level is now at $120,000. Taking into account the difference between the current and maximum price of the asset, the peak value of all issued tokens together reached about $9 million. Moreover, the total trading volume of coins is estimated at only $19.4 million. For this reason, it seems that the rapper has added at least two extra zeros to the income of scammers.
According to the data published on the portal Dex Screener, shortly after the release of the token advertisement, the owners of several cryptocurrency wallets, which stored a large amount of GUNIT, sold coins for a total of $1.5 million. It is likely that this was the catch of scammers.
Fans of rapper Curtis Jackson, known under the pseudonym 50 Cent, allegedly lost $300 million after believing the advertising of a token meme.
On June 21, attackers hacked 50 Cent's account in the social network X, which is banned in Russia, and published messages on his behalf about the meme-based cryptocurrency Real Nigga 50 (GUNIT), issued in the Solana (SOL) network. After that, the rate of the digital asset increased dozens of times in a matter of minutes, but then just as quickly collapsed by 99%. As a result, the coin was almost completely devalued, and investors were left with a broken trough.
GUNIT ads in X
My Twitter account and 50.com website were hacked. Twitter employees quickly blocked my account. Whoever did it made $300 million in 30 minutes," 50 Cent wrote.
GUNIT's capitalization level is now at $120,000. Taking into account the difference between the current and maximum price of the asset, the peak value of all issued tokens together reached about $9 million. Moreover, the total trading volume of coins is estimated at only $19.4 million. For this reason, it seems that the rapper has added at least two extra zeros to the income of scammers.
According to the data published on the portal Dex Screener, shortly after the release of the token advertisement, the owners of several cryptocurrency wallets, which stored a large amount of GUNIT, sold coins for a total of $1.5 million. It is likely that this was the catch of scammers.