DJ Khaled & Floyd Mayweather-Backed ICO Charged with $32 Mln Fraud

Home / DJ Khaled & Floyd Mayweather-Backed ICO Charged with $32 Mln Fraud

U.S. Securities and Exchange Commission (SEC) has suspended Centra Tech ICO project, which has been promoted by professional boxer Floyd Mayweather and rapper DJ Khaled, over fraudulent activities, such as illegal offer and sale of unregistered investments. The project also falsely offered Visa and MasterCard-backed debit cards that would convert cryptocurrencies into USD, without having any legal agreement with either credit card company.

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