50 Cent Doesn't Have BTCs

According to the Curtis Jackson's  "Declaration of Bitcoins" he is not a big Bitcoin holder
27 February 2018   946

Reports that Curtis Jackson, better known as 50 Cent, may be the owner of a large crypto-currency state, turned out to be a lie. The rapper himself admitted this.

The court materials, referred to by Techcrunch, say that Jackson "has never owned, and does not now own, a bitcoin account or any bitcoin", nor does any of his companies own them.

Jackson filled in the "Declaration of Bitcoins" last week.

All online transactions involving my brand were handled by an independently owned and operated third part, Central Nervous LLC.. the limited bitcoin transactions that occurred online were processed and converted to U.S. Dollars contemporaneously, based upon the then-existing exchange rate…

50 Cent's Declaration

He also provided a screenshot of his account serviced by BitPay, which registered several hundred transactions, mostly at $ 5.50 and $ 8.90. Obviously, the album Animal Ambition for bitcoins sold poorly, and the amount of 700 BTC, which was mentioned earlier, speech can not go at all. If we consider that at that time bitcoin cost $ 657, then 50 Cent earned about 6 or 7 bitcoins.

BitPay Account
BitPay Account

As a general matter, 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 the reporting. This is particularly true when I feel 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.

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 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.

50 Cent's Declaration

In the quote above, you can read why did he didn't stop the misinformation that began to spread in the media.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   100

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.