50 Cent admitting to going along with reports that he made millions after accepting bitcoin for his Animal Ambition album in 2014. At the time, the total bitcoin sales for the album equaled around $400,000, but today it would be more like $8 million.
Fif seemingly confirmed the reports by retweeting stories about him being a bitcoin millionaire with the caption, "Not bad for a kid from South Side, I'm so proud of me." However, the famed entertainer responded to the situation in Chapter 11 bankruptcy documents that revealed that the bitcoin were transferred to dollars by a third party before 50 Cent received the payment.
He wrote in the documents, "When I first became aware of the press reports on this matter, I made social media posts stating that 'I forgot I did that' because I had in fact forgotten that I was one of the first recording artists to accept bitcoin for online transactions.
"I did not publicly deny the reports that I held bitcoins because the press coverage was favorable and suggested that I had made millions of dollars as a result of my good business decision to accept bitcoin payments."
Source: CNBC
