50 Cent filed for bankruptcy and said that he never owned bitcoins

50 Cent filed for bankruptcy
On Friday, February 23, an American rapper filed an application with the Bankruptcy Court of Connecticut, claiming that he “never owned or owns a bitcoin account and in general bitcoin.” Also, the rapper notes that he did not use bitcoin for settlements in his companies.

At the end of January, TMZ reported that 50 Cent paid payment in bitcoins for its album in 2014, “Animal Ambition” and earned 700 bitcoins, which at that time was just over $ 400,000, and by now the cost of this bitcoin state has increased by almost 20 time. The publication mentioned that the funds “remained intact for several years”.

The rapper, in turn, reacted to the news, confirming the possession of the crypto currency, and wrote in his Instagram: “Not bad for a child from the south, I’m so proud of myself.”

In response to one of the comments, he also said that he forgot that he has bitcoins. At the moment, this post has been removed from the rapper account. In a 50 Cent filed under a real name, Curtis Jackson claims that bitcoin transactions were accepted by an intermediary company and were immediately transferred to US dollars.

The data of the rapper’s BitPay account provided to the court shows that the total amount of payments received in bitcoins was significantly less than stated by TMZ and was 6 or 7 bitcoins.

In the filed application, the rapper claims that he did not refute the TMZ information in order to attract the attention of fans: “While the story in the press does not significantly damage my image or brand, I usually do not see the need to publicly deny any message,” said the rapper explaining his comment to Instagram: “I wrote in social media that I” forgot about it, “because I really forgot that I was one of the first musicians to accept online payment in bitcoins.”

Write: Richard Abermann


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