Khamzat Chimaev Blames Management Team For SMASH Meme Coin Scam

Khamzat Chimaev's seemingly innocent endorsement of a meme-themed crypto coin landed him in hot water with fight fans after it appeared he had defrauded them.

Khamzat Chimaev has finally broken his silence on the meme-coin scam that saw fans lose millions of dollars after being promised a piece of the undefeated UFC superstar.

Back in early July, Chimaev shared a video on TikTok promoting SMASH coin, a cryptocurrency that was named after the Swedish-Russian fighter. It came as part of a wider trend in recent years that has seen athletes, influencers, and celebrities alike cash in by promoting crypto to their followers.

However, it quickly became clear that something wasn’t quite right with the SMASH coin.

Crypto sleuth ZachXBT discovered that 78% of the SMASH coin supply had been purchased by insiders. Within 24 hours, the value had dropped a huge 96 percent leaving early adopters with nothing to show for it, except a lot of frustration.

Chimaev, meanwhile, deleted everything that tied him to the meme-coin as the controversy continued to brew, but it wasn’t until a recent interview with Aslanbek Badaev that he actually addressed the accusations head-on, placing the blame on his manager for simply trusting the wrong people.

“Well, my manager… you can say acted stupidly and I also made a mistake in this crypto. I don’t understand [crypto] at all, I trust my manager. You could say I asked people if I could trust them, my people said I can trust them. Make this video, like any other athlete, probably doesn’t know what crypto is and how it works. I don’t know for sure. I don’t even have time to look at what it is.

“I made a video and then made an advertisement as they told me and that they will send me money. Well, these people are also lost now. We are looking for them. One was found. They forced him to make a video [explaining] that it’s their fault. We will find the others too and we’ll make them apologize for it.“

Khamzat Chimaev places blame on his management teamChimaev’s manager, Majdi Shammas, had already taken responsibility for putting his fighter’s name on the cryptocurrency scam and made it clear that ‘Borz’ was in no way involved in any attempt to commit fraud.

Chimaev was scheduled to headline UFC Saudi Arabia in June, but the 14-0 fighter was forced to bow out after becoming “violently ill” due to an undisclosed illness. ‘Borz’ is already making plans to return at UFC 308 in October when the promotion makes its annual pit stop in Abu Dhabi, though no official announcements have been made.

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