ZachXBT, a well-known blockchain investigator, has accused Floyd Mayweather of being involved in multiple token scams. Mayweather’s history with token scams includes lawsuits and court settlements. ZachXBT highlighted the former boxing world champion’s recent involvement in a fraudulent token activity on social media.

“Some things never change with scamming your fans,”

ZachXBT commented. Mayweather introduced a new token named FLOYD and initially promoted it across his social media channels. However, he later deleted his promotional tweet after several purchases had been made. This sudden removal raised concerns about the legitimacy of his activities.

ZachXBT emphasized that Mayweather had previously earned “tens of millions” from various cryptocurrency ventures, including Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT, and Moonshot.

In 2022, the SEC charged Mayweather for not disclosing payments received for promoting three ICOs, including a $100,000 payment from Centra Tech. They claimed he used his Twitter platform to urge his followers to participate in Centra’s ICO, advising them to buy tokens before they sold out.

In 2018, Mayweather paid fines exceeding $600,000 for unlawfully promoting coin offerings.

Past Scams Involving Mayweather

Investors have faced significant financial losses due to Mayweather’s promotion of fraudulent projects. These projects, such as Centra Tech ICO, EthereumMax (EMAX) coin, Bored Bunny NFTs, Floyd’s World, and the FLOYD token, were identified as rug pulls.

When creators of these coins suddenly withdrew liquidity and disappeared, investors were left with worthless tokens. Mayweather’s involvement with these projects has had detrimental consequences for many individuals.

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