The legendary American boxer Mike Tyson is in the latest cryptocurrency news for denying the news putting forward his support for a blockchain based platform for fighters that is dubbed Fight to Fame, which is potentially a fraudulent scheme.
Tyson published a tweet on August 14 in which he said that he is not part of it. The full tweet reads:
“I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.”
As reported on many best cryptocurrency news sites before, Mike Tyson will serve as a founder and chairman of the sports and competition committee for allegedly blockchain based sports project Fight to Fame. The project also considered issuing a so-called Tyson Token as well as a token sale in early June.
This spring, the cryptocurrency research and analysis firm Cointelligence released the results of its research in the project in which they call the CEO Shi Jianxiang and the project Fight to Fame is “a total fraud” – a statement which went viral in the altcoin news.
In contrast to this, Cointelligence revealed that Shi is wanted by Interpol as well as the Chinese regulatory authorities “on charges of fraud and illegal fundraising that caused losses to investors of more than 10 billion yuan [about $1.5 billion]”.
However, all of this was later confirmed by Mike Tyson and his wife and manager Lakiha Tyson, who told the technology focused media outlet Modern Consensus that the famous ex-boxer and professional had negotiated working with the project several years ago. However, he later made “very clear [they] … are not involved with Fight to Fame.”
Lakiha Tyson also said that the current mishap is due to an “incautiously signed but very preliminary agreement” with Fight to Fame’s founder Shi Jianxiang, who initially offered Mike Tyson a casting position in a Hong Kong martial arts film.
Later on, Lakiha Tyson approved the agreement and amended the clause specifying that as a “partner and co-founder Mike Tyson will cooperate fully with UCMPA,” as well as hand-wrote “as per agreed in writing at a later date.” She said:
“We had no idea that this was a way to launch this Tyson Token. We didn’t agree to this. I was fuming at this point.”
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