Floyd Mayweather and DJ Khaled hit with massive fines for pumping crypto ICOs

Photo of Floyd Mayweather and DJ Khaled hit with massive fines for pumping crypto ICOs
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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.

According to the SEC press release, Mayweather pumped three different ICOs while DJ Khaled kept it to just one. How atypically thoughtful of Khaled, a man not otherwise known to be so.

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#floyd mayweather
#dj khaled
#ico
#sec
#cryptocurrency