50 Cent reportedly told the bankruptcy court that he had never owned bitcoin, contrary to a report that he made $8 million in crypto

Advertisement
50 Cent reportedly told the bankruptcy court that he had never owned bitcoin, contrary to a report that he made $8 million in crypto

50 cent

Brendan McDermid/Reuters

50 Cent.

Advertisement
  • Rapper 50 Cent did not make around $8 million in bitcoin, contrary to a TMZ report that he previously seemed to confirm.
  • The Blast obtained court documents in 50 Cent's bankruptcy case that reportedly stated the rapper has "never owned" a bitcoin account or "any bitcoins."

Rapper 50 Cent did not make around $8 million in bitcoin, contrary to a January TMZ report and his apparent confirmation of the report by boasting of its headline on social media.

Complimentary Tech Event
Discover the future of SaaS in India
The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the sector in the decades to come.29th Sep, 2022 Starts at 04:00 PM (35 mins)Register Now
Our Speakers
Beerud Sheth
Tim Barens

According to court documents obtained by The Blast, 50 Cent said he'd never owned a single bitcoin.

The rapper, whose real name is Curtis Jackson, reportedly admitted in his bankruptcy case that media reports "falsely stated" that he owned millions in cryptocurrency, and that he has "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."

Advertisement

TMZ reported in January that Jackson had made around $8 million - according to the valuation of bitcoin at the time - by accepting bitcoin as payment for his 2014 album, "Animal Ambition."

Jackson later took to social media with screenshots of the article. He posted it on Instagram with a caption that read, "Not bad for a kid from South Side, I'm so proud of me," and then commented on the post, "Ima keep it real, I forgot I did that shit lol."

Jackson filed for Chapter 11 bankruptcy protection in July 2015, citing personal debts of over $28 million.

50 Cent reportedly told the bankruptcy court that he had never owned bitcoin, contrary to a report that he made $8 million in cryptoEXCLUSIVE FREE REPORT:
The Bitcoin 101 Report by the BI Intelligence Research Team.
Get the Report Now »