Reports surfaced recently that 50 Cent apparently sold his album Animal Ambition for bitcoin a few years back and made a few hundred units of the digital currency. That few hundred units today would be worth millions of dollars. But the G-Unit rapper has reportedly backtracked that story, telling a bankruptcy court that he doesn’t have a bitcoin fortune.
The new revelations come as 50 faces accusations of failing to disclose his crypto assets in bankruptcy filings. However he claims he “never owned, and does not own, a bitcoin account or any bitcoins” in his statement to the court. However, this wasn’t always the rappers story.
According to HipHopDX:
When the story initially broke, the G-Unit leader bragged about the news on social media. One since-deleted post said, “I know I make you sick but excuse me I’m getting to the bag #denofthieves,” while another stated, “Not bad for a kid from South Side, I’m so proud of me.”
When asked why he allowed the fake news to go unchecked, he said “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.”
50 originally filed for bankruptcy in 2015.