50 Cent Never Actually Owned Any Bitcoin

50 didn’t deny the rumors because they made him look good.

By
Music
12,226 Hypes 0 Comments

50 Cent has apparently never owned any Bitcoin, despite earlier reports stating the rapper sold 700 Bitcoins-worth of copies of his Animal Ambition in 2014. Supposedly left unredeemed, the Bitcoins would now be worth between $7 million and $8.5 million USD in the wake of the current cryptocurrency market.

New court documents obtained by The Blast detail that a new filing was made in bankruptcy court that refutes 50’s Bitcoin claims. The documents state Curtis “50 Cent” Jackson “never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.” It goes on to say that the cryptocurrency used to purchase the album was processed and converted to USD by a third party.

50 has come out to say that he didn’t deny the rumors because they made him look good, stating: “As a general matter, so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting… This is particular true when I feel the press report in question is favorable to my image or brand, even if the report is based on a misunderstanding of the facts or contains outright falsehoods.”

In related news, thieves are now using actual physical violence to get Bitcoin.

Read Full Article

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

1017 Users Online

What to Read Next

LAFC Unveils Jerseys With a Nod to Los Angeles Culture
Sports

LAFC Unveils Jerseys With a Nod to Los Angeles Culture

Featuring Roy Choi, Bobby and Ben Hundreds, Jason Markk and more.

A Brain Dead T-Shirt Retrospective Book Is Coming Soon
Fashion

A Brain Dead T-Shirt Retrospective Book Is Coming Soon

(un) publishing follows up on its LQQK Studios release.

'Rest In Power: The Trayvon Martin Story' Docu-Series Gets a Teaser Trailer
Entertainment

'Rest In Power: The Trayvon Martin Story' Docu-Series Gets a Teaser Trailer

Executive produced by JAY-Z and Martin’s parents.


Fingers Crossed Emphasizes Light Colors & Relaxed Fits for Fall/Winter 2018
Fashion

Fingers Crossed Emphasizes Light Colors & Relaxed Fits for Fall/Winter 2018

Continuing Ryu Hayama’s commitment to high-quality fashion.

Nike's Air Max 1 to Launch in Grey/Pink/Green Colorway
Footwear

Nike's Air Max 1 to Launch in Grey/Pink/Green Colorway

Spring-ready.

Michael B. Jordan & Michael Shannon Star in HBO's 'Fahrenheit 451' Adaptation
Entertainment

Michael B. Jordan & Michael Shannon Star in HBO's 'Fahrenheit 451' Adaptation

“By the time you guys grow up, there won’t be one book left.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.