Floyd Mayweather and DJ Khaled hit with massive fines for pumping crypto ICOs
Well that certainly backfired.
Professional boxer Floyd Mayweather and music producer DJ Khaled are on the receiving end of substantial fines today. The SEC announced the two would-be cryptocurrency influencers failed to disclose that their support for shady initial coin offerings was in fact bought and paid for. Much like a low-level Instagram influencer shilling some awful skincare product, Mayweather and Khaled allegedly secretly accepted cash to promote various shady ICOs on social media.