A Ponzi scheme that stole $722 million from investors in a fraudulent cryptocurrency mining pool has been broken up by FBI and IRS agents, according a federal indictment. BitClub Network promised investors around the world shares in the earnings of a major non-existent bitcoin mining pool.
Former boxing champion Mike Tyson is embroiled in a dispute with Fight to Fame, a blockchain startup which has been very publicly claiming that he not only endorsed the company and its planned “Tyson Token” cryptocurrency, but that he is a co-founder and active member of the company. The company has said it plans to host a series of fights around the world, selecting the most popular fighters for a reality TV show and then Hollywood action movies. Tokens would be used by fans to vote for and bet on their favorite fighters, as well as support other projects.
Mike Tyson’s wife—who is also his manager—told Modern Consensus that the former champion has never been involved with Fight to Fame. The company claims to be building a cross-media entertainment platform that would combine blockchain technology with live fights, movies, TV, and social media to give fighters more money and control of their careers.
Say this in Mike Tyson’s lisping, high-pitched voice: “As a seasoned fighter, I want to mentor future generations, especially future action stars and make sure there’s a path to career success and fair compensation. Building this global platform for them is a passion of mine.”