Fight to Flame – Mike Tyson Denies Issuing Token and Working With Fight2Fame

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Soon after news of boxing legend Mike Tyson’s deal with alleged Chinese partners from Fight2Fame rocketed through cyberspace including here at Blockchain News, Tyson denied any token deal on Twitter.

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However, there is some controversy, as Tyson did sign a term sheet and even made a promo video for Fight to Fame. 

 

However, as reported at Modernconsensus,  Tyson’s wife and manager felt they were tricked:

Lakiha Tyson also revealed that the current mishap is due to an “incautiously signed but very preliminary agreement” with Fight to Fame’s founder Shi Jianxiang, who initially offered Mike Tyson casting in a Hong Kong martial arts film. 

In 2018, Shi provided the Tysons with a term sheet briefly outlining a deal between Tyson and the U.S.-China Motion Picture Association (UCMPA) and its strategic partner, MG Pictures, the companies under Shi’s management. The term sheet specified that Tyson would serve as the chair of Fight to Fame and receive a share in the project.

Lakiha Tyson approved the agreement, having amended the clause specifying that as a “partner and co-founder Tyson will cooperate fully with UCMPA,” and hand-wrote “as per agreed in writing at a later date.” She said:

“We had no idea that this was a way to launch this Tyson Token. We didn’t agree to this. I was fuming at this point.”

Cointelligence did an absolutely brilliant deep dive and published an investigative piece on the deal alleging Fight to Fame is a fraud.  On Yavin, the founder of Cointelligence linked the company to Jianxiang Shi, a Chinese fugitive who is wanted in connection with a 2016 Ponzi scheme that defrauded investors of $5.8 billion according to the Wall Street Journal. 

SJX INterpolYavin’s report included a copy of a February 12 cease-and-desist letter sent by Tyson’s attorneys, Lavely & Singer, to Shi and several associates of his Moregain Capital Group.

Cease and Desist e

Ms. Tyson told Modern Consensus:

“It was a very clever and well-played con,” said Mrs. Tyson. “This is why Dr. Shi was able to con people out of $5.8 billion and is a wanted fugitive in China. This entire experience has been a huge wake-up call for me.”

EDITOR’S NOTE: I was actually approached by Fight to Fame at a Blockchain event in Santa Clara as director of Token.Agency and invited to LA to help raise funds for the project. And actually spoke to Jianxiang Shi on a Skype video call from the Netherlands. Fortunately, we did not do a deal. The investigative journalism work from On Yavin, the founder of Cointelligence is something I see rarely in this industry so Kudos to Yavin. 

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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