Khamzat Chimaev refuses to address the coin’s collapse and appears content to push out vague explanations from his “team” — who can’t seem to get on the same page when it comes to the recent SMASH crash.
Fans wants answers.
UFC middleweight contender Khamzat Chimaev was recently accused of running a pump-and-dump scheme for his SMASH crypto coin, which reportedly “stole up to $1,000,000” from faithful investors.
Read all about the “crypto rug pull” in our initial report HERE.
“Regarding the supply, yes, we sniped 80 percent of the supply and we still own almost 80 percent of the supply,” a person who claims to be working on the “marketing team” said in a video posted to Chimaev’s Twitter account. “We did not sell, we were not the cause of the major downfall that happened in the token. Everything is public, you can track all wallets. There is no scam that has been happening. It’s simply people that bought early that sold very late and took profits, and not us. Neither is it Khamzat’s team nor us who caused that.”
That’s a much different story than we got from Chimaev’s manager, Majdi Shammas, just two days prior.
“I was approached by a group claiming to be fans of my client Khamzat Chimaev,” Shammas wrote. “They wanted to record a short video promoting their launch. So I agreed to that, nothing more nothing less. Maybe I was misled. Khamzat wasn’t involved and know just as little as you do. So the news is really unpleasant and I’m seeking an explanation from those responsible. My apologies to Khamzat and all others of you affected by this, if I could have done anything differently. Thank you for your understanding, I’ll keep you updated.”
I guess Shammas missed these tweets from Chimaev, who refuses to comment:
Khamzat did two separate posts about the coin before they were deleted.
So your story of “nothing more nothing less” does not add up entirely. https://t.co/q7Im8W5FVn pic.twitter.com/K8CFIBNZXi
— ZachXBT (@zachxbt) July 7, 2024
Fans on Chimaev’s Twitter page are demanding an explanation from “Borz,” claiming “he is too afraid to speak for himself.”
We’re unlikely to see Chimaev in front of a microphone anytime soon. The former welterweight was pulled from the UFC Saudi Arabia card last month after yet another mystery illness and as of this writing, has no definitive timeline for his Octagon return.