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October 5, 2022
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boxer Tyson Fury faces criticism for promoting Floki Inu

Tyson Fury, the two-time heavyweight champion of the world, was criticized for promoting the popular memecoin Floki Inu

The developers of the popular, “DOGE KillerFloki Inu appear to have hired popular British professional boxer Tyson Fury to promote the currency to his two million Twitter followers.

In a short promotional video posted on his Twitter page, world heavyweight champion ​​was seen wearing a hooded sweatshirt, FLOKI, while reading a script, encouraging his followers to join Floki investors.

Fury explained that the altcoin project is currently establishing “massive partnerships” around the world, concluding the video with an enthusiastic shout of “Valhalla”.

Valhalla is supposedly Floki Inu’s flagship utility product, which includes NFT-style games.play to earn“, still under development.

Some Twitter users rated it as “embarrassing”. Fury still struggled to pronounce the name of the cryptocurrency correctly, showing little or no genuine interest in the Elon Musk-inspired cryptocurrency and its marketing parade.

UK-based CoinCorner exchange director Danny Scott was quick to offer his opinion on the boxer’s approach, not agreeing with the idea of ​​forcing his fans to “lose money”.

Celebrities and cryptocurrencies

Although this is the most recent case, this is not the one that has generated the most criticism, in the not-too-distant past, the renowned boxing champion, Floyd Mayweather, had to explain himself to the CVM of the United States, for promoting a suspicious ICO. The boxer disbursed approximately $300,000 in fines, and signed a 3-year deal without promoting digital values ​​or otherwise.

Spanish football maestro Andrés Iniesta took a “ear pulling” Spanish regulators, being warned that it was not a good idea, to promote investments in cryptocurrencies.

Floki Inu in the crosshairs of regulators

Altcoin has its merit in valuation, since its marketing strategy is very “aggressive”.

In October, the announcement of the currency on London’s public transport caught the attention of investors and regulators. 3 weeks later, the British government withdrew the ads and banned any campaigns related to cryptoactives, claiming to be unethical.

During this bull run, many athletes once again seized the opportunity to cash in on the cryptoactive craze.

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