TagFloyd Mayweather

DJ Khaled and Floyd Mayweather Successfully Escape ICO Fraud Lawsuit

Centra Tech, Floyd Mayweather, DJ Khaled

By CCN: A federal court has dismissed a lawsuit against Floyd Mayweather, DJ Khaled, and the proprietors of Centra Tech, an ICO that centered around the launch of a crypto debit card. Mayweather and Khaled were compensated for using their vast social media presence to promote the ICO. The court has decided that this is not enough to make them “successful solicitors.” Khaled, Mayweather Not...

TKO: Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos

dj khaled floyd mayweather ico

Pro boxing champ Floyd Mayweather Jr. and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers' promotional strategy. In a November 29 statement...

Breaking: SEC Charges Floyd Mayweather, DJ Khaled with Illegally Promoting ICOs

Floyd Mayweather ico

The US Securities and Exchange Commission (SEC) has charged boxing legend Floyd Mayweather and recording artist DJ Khaled with illegally promoting initial coin offerings (ICOs). The two celebrities, as CCN reported, had been among the most prolific ICO promoters, pumping crypto tokens on social media while sometimes failing to disclose that the posts -- which in several cases promoted illegal...

DJ Khaled and Floyd Mayweather Sued Over Involvement in Centra Tech ICO

Floyd Mayweather ico

As warned earlier in the year by legal experts that celebrity ICO endorsers could face court action in future, it has now come to pass as a lawsuit has been filed against two of the more prominent ICO social media influencers of last year. According to celebrity news publication TMZ, a class action lawsuit has been slapped against music producer DJ Khaled and boxing champion Floyd Mayweather. The...

TKO: Mayweather-Backed ICO Is a Security, US Judge Says

Floyd Mayweather ico

An initial coin offering (ICO) token promoted by boxing legend Floyd Mayweather is a security, a US district court judge has said. Magistrate Judge Andrea Simonton made this determination in a report related to a class action lawsuit against the operators of Centra Tech, a cryptocurrency startup whose $32 million ICO was shut down by the Securities and Exchange Commission (SEC). Investors are...

Knockout: SEC Charges Floyd Mayweather-backed ICO with Fraud

The US Securities and Exchange Commission (SEC) filed charges against the Centra Tech initial coin offering (ICO) on Monday, alleging that the token sale -- which was promoted by legendary boxer Floyd Mayweather -- was a fraudulent securities offering. SEC Halts ICO, Charges Founders with Fraud The SEC complaint alleges both that the Centra ICO was an unregistered securities offering and that its...

Wrestler John Cena Posts about Bitcoin to 7 Million Instagram Followers

John Cena Bitcoin

John Cena posted a stock image of casascius bitcoins on Instagram today and generated plenty of buzz in the process. Cena is a professional wrestler, reality star, and entertainer. His following is large and his reach is long. The post had over 38,000 likes, with no further input from John Cena himself, at time of writing. It’s clear that Bitcoin and cryptocurrencies generally are increasingly...

Football Superstar Luis Suarez Pumps Ethereum Prediction Market Stox

Uruguayan football star Luis Suarez joined boxer Floyd Mayweather in promoting Stox, a Bancor-based prediction market which opens its Alpha testing phase on August 30. Luis Suarez Promotes Stox Prediction Market Suarez, who plays for FC Barcelona and is regarded as one of the best strikers in the world, posted on Instagram that he was excited about the upcoming U.S. Open and invited his 24.2...

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