Renowned rapper 50 Cent recently revealed on Instagram that his Twitter account and website, Thisis50.com, were compromised by hackers. The attackers used these platforms to endorse a fake cryptocurrency called GUNIT, resembling a pump-and-dump scam.

This incident occurred during a period marked by a rise in celebrity-endorsed meme coins. This context made the fraudulent scheme more convincing, as unsuspecting individuals may have been conditioned to expect such endorsements.

According to 50 Cent's Instagram post, the hackers managed to swindle an astonishing $300 million in just 30 minutes before Twitter intervened and secured his account.

This situation serves as a strong reminder of the constant threat of cybercrime, particularly for high-profile individuals. It also highlights the importance of being cautious when encountering investment opportunities, especially those promoted by celebrities or through dubious channels.