50 Cent has canceled his upcoming album, which was set for a November release. The G-Unit soldier took to Twitter last night to break the news after his new single “I’m on It,” produced by The Cataracs, leaked to the Internet, causing him to seek retribution by threatening to release Dr. Dre‘s new single “Psycho” today at 2 p.m.

Man I’m not releasing a album i can’t believe interscope is this f*cked up right now. I apologize to all my fans.less than a minute ago via UberSocial Favorite Retweet Reply

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I will work with other artist on there projects but I will not put out another album. They dropped the ball with me one time to many.less than a minute ago via UberSocial Favorite Retweet Reply

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I LOVE DRE but I’m putting his next single psycho out tomorrow at 2:00 #SKless than a minute ago via UberSocial Favorite Retweet Reply

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Your gonna love it its a big song I just don’t think it deserves a great set up sense they can’t seem to get it right when it comes to me.less than a minute ago via UberSocial Favorite Retweet Reply

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Fif has had a checkered history with Interscope Records, making his beef public with the imprint over the past few months. In June 2011, he tweeted, “I’m sorry to announce I will not be releasing a new album this year if we don’t get on the same page. […] I would rather not launch my album with out a plan the whole system is executing. I don’t know why they play with me they know how I get.”

He later revealed that the album would arrive in November. HipHopDX will keep you updated.

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UPDATE: 50 Cent has backpedaled from statements threatening to leak Dr. Dre’s new record. Taking his Twitter podium once again, Fif explained that he would never sabotage Dre’s project but that Interscope was behind the leak of his new track. In the end, he encouraged fans to check out the single.

I don’t know how I can record 41 song for my album and the one song I give interscope leaks But I don’t care its good musicless than a minute ago via UberSocial Favorite Retweet Reply

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I wouldn’t leak dre’s record he has done nothing but help me in my career. jimmy has always been supportive of me.less than a minute ago via UberSocial Favorite Retweet Reply

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I hate when I can’t present my music the way. I feel it should be but f*ck it check out I’m ON ITless than a minute ago via UberSocial Favorite Retweet Reply

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RELATED:50 Cent Explains The Benefits Of Delaying His Fifth Solo Album