After releasing his own cryptocurrency called ‘Smash,’ Russian professional mixed martial artist (MMA) and freestyle wrestler Khamzat Chimaev became the target of the UFC and crypto communities’ ridicule, and one online security researcher has found evidence that points to a possible scam.
Indeed, the UFC fighter has recently asked his followers what they thought was the best crypto asset to invest in, shortly after which he announced the release of his own crypto named ‘Smash,’ and pseudonymous scam investigator ZachXBT has revealed insider trading, detailing it in an X post on July 4.
As it happens, the researcher accused Chimaev and his team of incompetence in a comment to the wrestler’s X post that includes the token’s address, telling them they “directly linked the team wallets with the insider wallets buying up 78% of the supply” and asking why “all of you instantly nuke your reputation with meme coin scams?”
How the crypto scam unfolded
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