50 Cent

50 Cent admitted in his contempo bankruptcy documents that he lied well-nigh making millions off Bitcoin.

In January, fifty Cent revealed that he made over $eight million in the summit of the balloon Bitcoin cryptocurrency. In case you were in the nighttime near Bitcoin trading, the cryptocurrency saw significant growth in valuation in December reaching an all-fourth dimension high of over $19000 in mid-December. Amidst the Bitcoin fanfare, a big story came out claiming that 50 Cent made millions off of a hugger-mugger stash of the cryptocurrency.

The story centered around the sale of his album Brute Ambitions and according to reports dorsum and then, he was paid a portion in cash and a portion in Bitcoins and he totally forgot that he had the Bitcoins until the massive surge in the valuation which earned him over $8 million.

He pretty much didn't deny the story, and his creditors started to enquire about the declared millions of dollars in a secret stash. Turns out he had to file some bankruptcy documents on Jan 23, 2022 and in those docs, he denied the reports while explaining that he didn't deny the story back then because it was adept for his epitome.

"I do not personally own, and have not owned, either a bitcoin account or any bitcoins," fifty Cent said in the legal documents.

"As a full general matter, so long as a press story is not irreparably damaging to my prototype or brand, I normally do non feel the need to publicly deny the reporting," he added under penalty of perjury. "This is specially truthful when I feel the press report in question is favorable to my image or make, even if that written report is based on a misunderstanding of the facts or contains outright falsehoods."

He explained that the story originated on TMZ at the fourth dimension and he didn't experience the demand to publicly deny it because information technology was adept for his paradigm every bit a baller.