Curtis James Jackson III, known all the more usually by his stage name “50 Cent”, has denied that he made millions by offering a collection for Bitcoin (BTC) in archives recorded amid his chapter 11 case, The Blast announced Monday, Feb. 26.
As per The Blast, TMZ dishonestly announced in January that he made 700 bitcoins by tolerating them as an installment for his collection “Creature Ambition” in 2014. The Bitcoin fortune gossip was along these lines affirmed by 50 Cent on Instagram and a tweet which is never again accessible. 50 Cent now recognizes the answering to be false.
The acclaimed rapper initially petitioned for section 11 chapter 11 of every 2015 at the Bankruptcy Court for the District of Connecticut. While the case was settled in 2016, a court documenting a week ago by Jackson’s attorneys looked to clear up that 50 Cent, “never possessed, and does not claim, a bitcoin account or any bitcoins.”
As per court archives, 50 Cent really accepted Bitcoin as the installment for “Creature Ambition”, yet it was changed over to US dollars immediately by an outsider, Central Nervous, LLC. 50 Cent remarked that bits of gossip about his BTC property were “great to [his] picture or brand, regardless of whether the report depends on a misconception of the certainties.”
The rapper included that as per usual, he won’t deny any press scope, be it valid or false, insofar as it enhances his open picture and further his own image.
Jackson’s liquidation case was the consequence of years of lavish living, bungled riches, and now and again embarrassment. 50 Cent was provoked to petition for insolvency following the departure of a $7 mln protection claim to the ex of an adversary. The last payout for Jackson’s insolvency case was $23 mln dollars.