Allegations Against Floyd Mayweather in Token Scams

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by Giorgi Kostiuk

2 years ago

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Allegations Against Floyd Mayweather in Token Scams

ZachXBT, a well-known blockchain investigator, has accused Floyd Mayweather of being associated with various token scams. Mayweather's history reveals his entanglement in token scams, navigating through lawsuits and settlements. Zackxbt publicly called out the former boxing champion on X regarding his implication in a recent fraudulent token scheme.

According to Zackxbt, Mayweather launched a new token named FLOYD and initially endorsed it on his social media platforms. However, following several purchases, Mayweather deleted the promotional tweet, raising suspicions of suspicious activities once again.

Zackxbt emphasized Mayweather's significant gains from previous cryptocurrency ventures, citing profits from Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT, and Moonshot. Mayweather's track record in the cryptocurrency sphere has been marred by controversies and legal interventions.

In 2022, the SEC charged Mayweather for not disclosing payments received for promoting three ICOs, including a $100,000 payment from Centra Tech. The SEC alleged that Mayweather urged his Twitter followers to engage in Centra's ICO without revealing his financial incentives.

Furthermore, in 2018, Mayweather faced hefty fines exceeding $600,000 for unlawfully encouraging coin offerings, indicating a pattern of involvement in questionable cryptocurrency dealings.

Mayweather's Troubling Past with Scams

Mayweather's associations with fraudulent projects like Centra Tech ICO, EthereumMax (EMAX) coin, Bored Bunny NFTs, Floyd’s World, and FLOYD token have inflicted severe financial losses on investors labeled as rug pulls. The abrupt disappearance of liquidity by the coin creators left investors with worthless tokens, elucidating the damaging repercussions of Mayweather's involvement in these dubious projects.

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