Mike Tyson Vs. Fight to Fame: Is the Former Champion Involved In Crypto?

United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud.

Tyson's name, token and fameFight to Fame was brought to media attention on Aug. 13 as Cointelegraph reported that Tyson had headed the sports and competition committee of the previously unknown project.

Fight to Fame is an entertainment platform for promoting new sports stars through films and video games, and it used the former boxing champion Mike Tyson as its cover star.

On Feb. 12, the law firm Lavely & Spencer sent a number of persons involved in the issue of the Tyson Token cryptocurrency cease-and-desist letters, which demanded them to stop using Mike Tyson's name, photos and voice.

Shi assured Tyson that the project was aiming to gain exposure in the sports entertainment market, and the sale of a Tyson Token would help to increase its capitalization and benefit the boxing legend's reputation.

"He [Shi] was telling us about Fight to Fame. He was talking about how they were going to do something with blockchain, how they wanted to do a Tyson Token, and this was going to be a way to promote Fight to Fame and the idea all seemed pretty cool."

"Hi everyone! Mike Tyson here, the Chairman of the Organization Committee of Fight to Fame - the global film action star competition. Open to global sports lovers and through our unique 'Blockchain-Movie-Sports' business model six plus one sub-committees established by our Fight to Fame organization aim to provide sports enthusiasts a path to become a Hollywood action movie star through decentralized selection and competitions to win champion title in Fight to Fame. I sincerely hope that you will support Fight to Fame and support me."

According to them, Tyson is a Fight to Fame co-founder, as evidenced by the documents signed by him and his participation in the project's promotion.

"There was never a script 'swap' as the Tyson team alleges. Tyson was aware of what we were filming and the script was made available beforehand. The video was shot in the Fight to Fame offices with full disclosure this would be used to promote the project he had been involved in from its inception."

The former boxing champion's statement was a real surprise to the Fight to Fame creators, because for more than a year, according to Kamalabadi, Tyson voluntarily participated in its activities.