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.”