Tags: floyd mayweather. dj khaled. sec.icos

Floyd Mayweather, DJ Khaled Settle With SEC for Hyping ICOs

ico initial coin offering futuristic hud background with world map and blockchain peer to peer network.
(Andrei Krauchuk/Dreamstime)

Friday, 30 November 2018 08:06 AM EST

Boxer Floyd Mayweather and music producer DJ Khaled were accused of failing to disclose payments they received for hyping initial coin offerings, making them the biggest names sanctioned in U.S. regulators’ months long crackdown on misconduct tied to digital tokens.

Mayweather, one of his sport’s most recognizable personalities, agreed to pay more than $600,000 to settle with the Securities and Exchange Commission, the agency said in a Thursday statement. Khaled will pay more than $150,000, the regulator said.

The SEC said Mayweather violated securities laws by touting ICOs in tweets without disclosing that the coins’ backers had paid him to promote the tokens. Khaled was accused of similar allegations.

'These cases highlight the importance of full disclosure to investors,' Stephanie Avakian, the SEC co-enforcement director, said in the statement. “With no disclosure about the payments, Mayweather and Khaled’s ICO promotions may have appeared to be unbiased, rather than paid endorsements.”

© Copyright 2026 Bloomberg News. All rights reserved.


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Boxer Floyd Mayweather and music producer DJ Khaled were accused of failing to disclose payments they received for hyping initial coin offerings, making them the biggest names sanctioned in U.S. regulators' months long crackdown on misconduct tied to digital...
floyd mayweather. dj khaled. sec.icos
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2018-06-30
Friday, 30 November 2018 08:06 AM
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