Curtis James Jackson III, better known by his stage name "50 Cent", denied having makes millions by selling an album for Bitcoin (According to The Blast, TMZ falsely reported in January that it had made 700 bitcoins by accepting them as payment for its "Animal" album. "Ambition" in 2014. The rumor on the Bitcoin's fortune has been confirmed by 50 Cent on Instagram and a tweet that is no longer available 50 Cent now recognizes that the report is fake.

The famous rapper first filed a Chapter 11 filing for bankruptcy in 2015 before the Connecticut District Bankruptcy Court.While the case was settled in 2016, a court last week filed Jackson's lawyers to clarify that 50 Cent, "Has never owned and does not have a bitcoin account or bitcoins. "

50 Cent actually accepted Bitcoin as payment for" Animal Ambition ", but it was converted to US dollars immediately by a third party, Central Nervous, LLC. 50 Cent commented that the rumors about his holdings in the BTC were "favorable to the image or the mark [his] even though the report is based on a misunderstanding of the facts."

[19459003Therapperadded:hewillnotdenyanypresscoveragewhetheritistrueorfalseaslongasithelpstoenrichhispublicimageandpromotehispersonalbrand

Jackson's bankruptcy is the result of years of extravagant life, poorly managed wealth, and sometimes scandal. 50 Cent was prompted to declare bankruptcy following the loss of a $ 7 million lawsuit for the privacy of a rival's ex-girlfriend. The final payment for Jackson's bankruptcy case was $ 23 million.