UFC prospect and former champion Sean Strickland has accused popular fighter Khamzat Chimaev of scamming fans using cryptocurrency.
Chimaev, a popular fighter known for his dominating performances, was arrested on suspicion of cryptocurrency fraud using a coin called “Smash.”
According to the allegation: translation:Chimaev allegedly ran a pump-and-dump scheme that netted him more than $1 million.
In similar cases, a content creator or celebrity uses their influence to promote a particular cryptocurrency in which they own a large percentage, and when their fans or followers buy shares in that coin, that person (usually the celebrity or their team) then sells a large amount of the currency at a much higher price than when they bought it.
“I’ve been offered a lot of money to do this exact same thing.”
A reputable outlet CoinMarketCap A prominent space researcher reported Revealed The developers have reportedly purchased over 70% of the coin supply.
“Using timing analysis, we confirmed that 71% of insider and development team wallets are directly linked as they are funded from the same Ethereum address.”
According to market transaction statistics, value The coin’s value increased approximately six-fold on June 8, 2024.
Chimaev’s manager reportedly denied any link to Coyne after the allegations began to pile up.
“I was contacted by a group claiming to be fans of my client Khamzat Chimaev. They wanted to shoot a short video to promote their launch. So I agreed to it. Nothing more, nothing less. Maybe I was duped. Khamzat was not involved.[s] “I know just as little as you do, so this news is truly unpleasant and I am seeking an explanation from those responsible. I apologize to Khamzat and everyone else affected by this if there was anything I could have done differently. Thank you for your understanding and we will continue to provide updates.”
Chimaev is certainly Short video Promoting the coin in question.
Following the manager’s remarks, a man claiming to be involved with Smashcoin’s crypto team clarified that he had never spoken to Chimaev directly, but confirmed that the team owns 80% of the coin’s supply.
This video is of Chimaev X-Page.
“In terms of supply, yes, we targeted 80% of the supply and currently hold almost 80% of the supply. We did not sell and we are not the cause of the huge drop in the token,” he claimed. “It’s all public and all wallets can be traced. There is no fraud going on. It was just people who bought early and sold very late to make a profit, not us. It was not caused by Khamzat team or us.”
About 12 hours after the video was posted, UFC hopeful Strickland began accusing his fellow fighter of misleading fans.
“I’ve been offered large amounts of money to do this exact same thing… it’s crazy to be rich and try to scam your fans,” he said. I have written.
“That was totally a plot twist,” Strickland continued. “How would I know that?! I was just asked to do the same thing…” [integrity] You either have it or you don’t. Don’t let this get written off in the news cycle. That’s just wrong.”
Chimaev has yet to respond directly to the accusations.
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