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Cryptocurrency News Articles

Khamzat Chimaev SMASH Meme Coin Controversy: Did He Knowingly Deceive Fans?

Oct 25, 2024 at 08:30 pm

Khamzat Chimaev‘s rise to stardom in the UFC has been unprecedented, to say the least. He’s steamrolled through most of his opponents and still remains

Khamzat Chimaev SMASH Meme Coin Controversy: Did He Knowingly Deceive Fans?

Khamzat Chimaev is one of the most promising rising stars in the UFC. He has quickly ascended the rankings with a string of impressive victories, and is now set to face former middleweight champion Robert Whittaker at UFC 308. However, Chimaev's rise to stardust has also been accompanied by a number of controversies, including one involving a cryptocurrency scam.

Chimaev began promoting a meme coin called SMASH on his social media platforms in 2022. Meme coins are a type of cryptocurrency that is typically created as a joke or to commemorate a popular internet meme. Chimaev's SMASH coin was named after his signature catchphrase, and he urged his fans to buy it.

However, the SMASH coin quickly lost value, and many people who purchased it lost a significant amount of money. It was later reported that Chimaev had made over a million dollars from the SMASH coin scam.

Chimaev has denied any wrongdoing, and claimed that he was also a victim of the scam. He said that his manager was the one who approached him with the offer to promote the SMASH coin, and that he did not fully understand the concept of cryptocurrency at the time.

Chimaev also stated that he had asked several people he trusted about the SMASH coin, and they had given him the go-ahead to promote it. He said that the people who operated the coin told him that he would be paid handsomely for his social media promotion. However, Chimaev now claims that he was cheated out of his earnings from the SMASH coin, and that he is now searching for the people responsible to make them pay.

Did Khamzat Chimaev knowingly deceive fans with the SMASH meme coin, or is he a victim too? Have an interesting take? Debate

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