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Khamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who’s to be blamed: “We will make them apologize”

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UFC middleweight contender Khamzat Chimaev has recently addressed the controversy surrounding the SMASH meme coin, a cryptocurrency he endorsed that has been accused of being a scam. The coin, which was promoted by Chimaev, saw its value plummet by over 90% within 24 hours, leading to accusations of a pump-and-dump scheme.

In a candid interview, Chimaev revealed that he was unaware of the intricacies of cryptocurrency and placed his trust in his manager, who he claims made a hasty decision without proper research. Chimaev stated, “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… 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”.

Chimaev’s manager, Majdi Shammas, has also issued an apology, explaining that they were misled by individuals posing as fans who pitched the coin. Shammas admitted to not conducting thorough research before agreeing to promote the coin, which led to an unfortunate outcome for early investors.

Khamzat Chimaev Vows To Find the People Responsible for This Scam

The fallout from the SMASH meme coin has been significant, with many fans expressing their disappointment and frustration. Chimaev has vowed to find those responsible and make them apologize for the scam. He emphasized that he and his team are actively seeking out the individuals who proposed the idea and are determined to hold them accountable.

This incident serves as a cautionary tale about the risks associated with cryptocurrency investments, especially those endorsed by celebrities or athletes who may not fully understand the market. Khamzat Chimaev’s experience highlights the importance of conducting thorough research and due diligence before making financial decisions.

As Khamzat Chimaev continues to navigate the aftermath of this controversy, he remains focused on his UFC career, aiming to return to the octagon and reclaim his standing in the sport. Fans will be watching closely to see how he handles this setback and whether he can regain their trust.

Read More- Danielle Kelly Sets Sights on MMA Bout at ONE Championship’s US Events-“I’d love to go against an MMA fighter”

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Khamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who's to be blamed: "We will make them apologize" - Khamzat ChimaevKhamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who's to be blamed: "We will make them apologize" - Khamzat ChimaevKhamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who's to be blamed: "We will make them apologize" - Khamzat ChimaevKhamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who's to be blamed: "We will make them apologize" - Khamzat ChimaevKhamzat Chimaev opens up on SMASH meme coin scam controversy and reveals who's to be blamed: "We will make them apologize" - Khamzat Chimaev

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