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Crypto Detective Reports Floyd Mayweather for Another Token Scam
ZachXBT, a famous blockchain investigator, accused Floyd Mayweather of being linked to several token scams.
Mayweather has a history of involvement in token scams, from lawsuits to court settlements. Zackxbt called out the former world boxing champion on X for his involvement in a new token fraud business.
“Some things never change when you scam your fans,” Zackxbt said.
Mayweather introduced a new token called FLOYD and initially promoted it on his social media platforms. However, he later removed his promotional tweet after several people had already purchased it. This sudden deletion of content sparked concerns that he was once again engaging in dubious activities.
Zackxbt pointed this out Mayweather he had previously earned “tens of millions” in various cryptocurrency ventures, including Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT, and Moonshot.
In 2022, the The SEC charged Mayweather with failure to disclose payments to promote three ICOs, including a $100,000 payment from Centra Tech. They claimed that he would use his Twitter platform to encourage his followers to participate in the Centra ICO, stating that it would start soon and that they should purchase the tokens before they ran out.
In 2018, Mayweather had to do it pay fines of more than $600,000 for illegally advertising coin offerings.
Mayweather scams in the past
Investors suffered significant financial losses due to Mayweather’s promotion of fraudulent projects. These projects, including Centra Tech’s ICO, EthereumMax (EMAX) coin, Bored Bunny NFTs, Floyd’s World, and the FLOYD token, have all been identified as rug pulls.
When the creators of these coins suddenly withdrew liquidity and disappeared, investors were left with worthless tokens. Mayweather’s involvement in these schemes has had harmful consequences for numerous people.