Blockchain detective ZachXBT accused one of the most famous American boxers of advertising suspicious cryptocurrency projects and numerous cases of defrauding investors.

Floyd Mayweather has been writing a lot about the FLOYD token lately. However, then he suddenly deleted his advertising posts, causing ZachXBT concerns about the possible failure of the crypto project.

The athlete often implemented schemes to pump and dump the price of an asset (pump and dump), helping to artificially inflate the price of tokens before cashing out his own investments. While leaving other investors with empty pockets. ZachXBT urged subscribers to be wary of veiled calls from celebrities to invest in dubious tokens.

The blockchain sleuth recalled that the boxer had already made tens of millions of dollars in profit from the Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT and Moonshot projects, as well as from other crypto projects that conducted ICOs in 2018. The listed startups turned out to be fraudulent, ZachXBT emphasized. And he rhetorically asked the readers: is Mayweather trustworthy?

In 2022, one of the investors in the Ethereum Max token filed a lawsuit against Floyd Mayweather, accusing the athlete of colluding with the founders of the project and selling tokens to increase the price. In 2018, the US Securities and Exchange Commission (SEC) fined the boxer for promoting a fraudulent ICO.