Floyd Mayweather fined $600,000 for undisclosed cryptocurrency plugs

Floyd Mayweather Jr. in 2014.

Enlarge / Floyd Mayweather Jr. in 2014. (credit: Ethan Miller/Getty Images)

One of the strangest episodes in last year’s massive cryptocurrency boom was when boxer Floyd Mayweather posted an Instagram endorsement for a little-known cryptocurrency called Centra. In April, Centra’s founders were indicted for fraud, with the SEC saying that many of their claims were “simply false.”

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In the summer of 2017, Mayweather wrote in an Instagram post that he was “spending bitcoins and ethereum and other types of cryptocurrency in Beverly Hills with my Titanium Centra Card.” He urged his millions of followers to “join Centra’s ICO on Sept. 19th.”

Another Mayweather post promoting a different cryptocurrency said “You can call me Floyd Crypto Mayweather from now on.”

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Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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