300 million dollars in 30 minutes: 50 Cent is also involved!

50 Cent, whose name is mentioned with the $ 300 million crypto fraud, made important statements. The famous artist denied the accusations.

Memecoins on the Solana network have reached millions of dollars in volume, creating a new market. Many celebrities have created and launched their own memecoin with the aim of participating in this market. Musician Iggy Azalea reached a valuation of over a hundred million dollars by launching a memecoin called MOTHER.

As celebrities flocked to crypto, issues began to arise. Rap artist 50 Cent faced a $300 million crypto scam.

50 Cent: I have no connection with this cryptocurrency!

50 Cent shared about a memecoin called GUNIT from his X account. These posts were deceptive and misleading, just like other celebrities. The famous artist’s audience showed great interest in GUNIT in a short time.

Events broke out after this point. GUNIT made a 300 million dollar heist in 30 minutes by performing a rug pull (emptying the liquidity pool).

Famous rapper Curtis James Jackson III, known as 50 Cent, was named as the number one responsible for the GUNIT fraud. 50 Cent deleted all of his posts on X following the fraud.

The rapper broke his silence after a short while and made a statement to his 32.8 million Instagram followers. 50 Cent mentioned that account X was hacked and hackers promoted GUNIT.

Stating that he has no connection with GUNIT, the artist said, “Whoever did this earned 300,000,000 dollars in 30 minutes.” said.