Cryptocurrencies

Hackers take over 50 Cent’s Twitter account and promote Solana scamcoin GUNIT


Hackers have taken over the Twitter account of rapper Curtis Jackson, better known as 50 Cent, to promote a fraudulent Solana token called GUNIT. This so-called pump-and-dump scam resulted in a loss of $300 million before people realized it was a scam.

50 Cent announced on his Instagram that his account had been hacked.

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Smart thinking

In recent weeks, many celebrities have launched their own meme coins, making it seem like 50 Cent was promoting his Solana coin via social media. On Friday afternoon, his Twitter account was flooded with messages about the new Solana coin. Investors lost millions of dollars in crypto in minutes before the truth came out: scammers had hacked his account in a pump-and-dump scam.

50 Cent’s Twitter account posted several tweets on Friday promoting the GUNIT token. The GUNIT token is a new Solana coin launched via Pump.fun. The messages were detailed and referred to the rapper’s cognac brand. The attackers also capitalized on recent celebrity stories, such as Andrew Tate’s promotion of the DADDY Coin.

Pump and dump

Within minutes, the money flowed into the GUNIT coffers. The GUNIT token had a trading volume of $18.6 million, most of which came in within 40 minutes. The value of the token increased by 8,000% for a few minutes before plummeting again. Within a short time, GUNIT’s liquidity dropped drastically, which aroused distrust.

The hasty investments soon started to make sense. Many meme coins launched through Pump.fun skyrocketed in value with just a celebrity endorsement. Last week, Andrew Tate-promoted DADDY Coin rose from nothing to a market cap of $340 million. Iggy Azalea’s MOTHER token also reached a huge market capitalization almost as quickly.

50 Cent responds to the hack

The messages seemed convincing to some traders. 50 Cent noticed the hack of his Twitter and announced it via his Instagram account. He also confirmed that his website had been hacked.

‘My Twitter has been hacked, I have no association with this crypto. Twitter acted quickly to secure my account again. Whoever did this took $300 million in 30 minutes.”

The rapper tagged his cognac brand in his Instagram post, just like the hackers did in the GUNIT posts. This shows how carefully the scammers worked. X (formerly Twitter) locked his account to prevent the hackers from taking further action. The hackers’ messages are currently no longer accessible on Twitter.

Shortly after 50 Cent’s revelation, the attackers’ plan began to fall apart. New purchases continued to flow in as some investors did not yet realize it was a scam. The current market capitalization of the coin is approximately $150,000.



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