KEY POINTS
- ZachXBT posted screenshots of a new token Mayweather Jr. appeared to be working on with Sahil Arora
- Mayweather Jr. has been "directly" linked to at least three crypto-related rug pulls
- He was sued by the SEC in 2018 for not disclosing payments he received for promoting digital coins
A prominent blockchain investigator has once again called out former professional boxer Floyd Mayweather Jr. for "scamming" his many fans after the renowned athlete who held multiple world titles during his pro career posted on X (formerly Twitter) about a new token.
Crypto sleuth ZachXBT posted screenshots of Mayweather Jr.'s Monday posts wherein he tagged @habibi_comm, known as Sahil Arora in the crypto space. Sahil's X account has been suspended. The said crypto user has been linked to several other celebrity memecoin rug pulls.
In another post, the former title holder posted about a new token, supposedly called $FLOYD. Mayweather Jr.'s promotional posts related to the said token have since been deleted. "Some things never change with scamming your fans," ZachXBT said.
Floyd Mayweather already deleted 📸
— ZachXBT (@zachxbt) June 2, 2024
Some things never change with scamming your fans. pic.twitter.com/bh77Aqrg2Q
The crypto community was outraged by the latest revelation, with one saying he can now confidently say the net worth of some celebrities is "completely fake." Another user said it was hard to grasp why someone who seems like he doesn't need money can still engage in such fraudulent activities. One user wondered whether Mayweather Jr. will ever be punished for the scams he had been involved in. "I feel like he is getting away with it again and again," the user argued.
This is not the first time ZachXBT called out the former WBC super featherweight champion. In May 2022, ZachXBT, known in the crypto community for his extensive research and investigations into rug pulls, scams and exploits, listed at least a dozen crypto-related projects that fell through.
1/ Well it appears @FloydMayweather has lied to followers once again. His new project @Mayweverse managed to only bring in $193.5k but the anon team has vanished since minting concluded & proceeds have been transferred away.
— ZachXBT (@zachxbt) May 5, 2022
Funny enough there are direct ties to THREE rug pulls https://t.co/HKj9r2QR9w pic.twitter.com/ggn1WlBwnc
At the time, the crypto investigator said Mayweather Jr. has "direct ties" to at least three rug pulls – exit scams in the crypto industry wherein developers raise funds for projects then disappear after they've taken investor money.
Another crypto researcher, Xremlin, said Mayweather Jr. has been "promoting scam projects since 2017," including the EMAX coin in 2021 and the Floyd nonfungible token (NFT) in 2022. The researcher noted that the value of Monday's "scam" token $FLOYD has dropped by 95%.
Floyd Mayweather
— Xremlin (@0x_gremlin) June 2, 2024
Promoting scam projects since 2017
- Centra Tech ICO 2017
- EMAX coin 2021
- Bored Bunny NFTs 2022
- Floyd NFT Mayweather 2022
- Floyd's World 2022
- Bored BAD Bunny 2022
- FLOYD token 2024
All of these were rug pulls.
Today, he was shilling his token $FLOYD,… pic.twitter.com/kDZhqSWZH4
In 2018, Mayweather Jr. and music producer DJ Khaled were sued by the U.S. Securities and Exchange Commission (SEC) for not disclosing the payments they received for promoting ICOs (initial coin offerings), including Centra Tech, which the regulator designated as a fraud.
At the time, the SEC said the ex-boxing champ agreed to pay over $600,000 in disgorgement, penalties and interest "without admitting or denying the findings" related to the allegations.
