American rapper CurtisJamesJacksonIII (stage name "50Cent") claims that his X (formerly Twitter) account and website were hacked, resulting in hackers promoting a cryptocurrency gouging and selling tokens, defrauding victims of $300 million. The hackers created a new crypto token "GUNIT", using 50Cent's large following (about 12.90 million followers) to attract more investors and drive up the price, before depleting its value, the token price plummeted to $0.00016. On June 21, 50Cent posted to his 32.80 million followers on Instagram claiming that his X account and website had been hacked, and admitted that a large amount of the victim's funds had been lost from the project. "Twitter quickly locked my account. Whoever did it made $300 million in 30 minutes, "50Cent declared" has nothing to do with this cryptocurrency. "