Khamzat Chimaev "Scammed" MMA Fans! What's The Controversy

After pulling out from the UFC Saudi Arabia card following an illness, the undefeated fighter Khamzat Chimaev has found himself in controversy, but this time, it is not regarding his fight but a cryptocurrency scam where it is alleged that the fighter promoted his Khamzat-themed crypto coin named “Smash” by posting a video on his social media account about the same. The sad part is early investors in his crypto coin got nothing but loss after its value decreased by over 90% from its initial value in one day. Now, the allegations on “the Borz” are doing a pump-and-dump with his fans, which didn’t go well with the MMA community as the fighter faced severe backlash after this incident.

The blockchain investigator ZachXBT revealed that insiders and wallets linked to Khamzat Chimaev were the 78% of the buyers of the crypto After the coin’s value decreased by 90% Khamzat Chimaev tried to erase his videos from his social media accounts but nothing can be erased from the internet.

UFC star Khamzat Chimaev is getting exposed for pump and dumping a crypto coin 😅 pic.twitter.com/mjrFKF3uR4
— Happy Punch (@HappyPunch) July 5, 2024

This was not the first incident where a celebrity-backed meme coin crashed. Several incidents have happened in the past where celebrities scammed their fans for money, and Khamzat Chimaev is a new name on this list. MMA fans were disappointed with him due to his pullout from his fight, and now, the latest incident has further tarnished the reputation of the undefeated fighter.