New York Post

Fiddy’s bitcoin flip

-

RAPPER 50 Cent is backpedali­ng on claims that he made a fortune in bitcoin sales from a 2014 album — after reports of the windfall peaked the interest of creditors in his recent bankruptcy case. Fiddy told a Connecticu­t court in papers filed Friday, “I do not personally own, and have not owned, either a bitcoin account or any bitcoins.” His lawyers added that any bitcoins collected were converted to cash by a third party years ago. But the “In Da Club” rapper was singing a different tune last month when reports said he made up to $8.5 million in bitcoin sales from the album “Animal Ambition” after the cryptocurr­ency languished in an account for years, then shot up in value. Fiddy fueled the story by tweeting on Jan. 23: “A little bitcoin anyone? LOL. I know I make you sick but excuse me . . . I’m getting to the bag.” He added a money bag emoji plus “#denofthiev­es. But in court documents seen by Page Six, 50 says the reports were false — he just went along with them because they made him look good. “I did not deny the reports that I held bitcoins because the press coverage was favorable,” he says in court papers, adding, “So long as a press story is not irreparabl­y damaging to my image or brand, I usually do not feel the need to publicly deny that reporting. This is particular­ly true when I feel that the press report in question is favorable to my image or brand, even if the report is based on a misunderst­anding of the facts or contains outright falsehoods.”

Newspapers in English

Newspapers from United States