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.
I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.
— Mike Tyson (@MikeTyson) August 14, 2019
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.
Yavin’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.
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.
- Huobi Charity Joins Rally with Blockchain Community in Global Fight Against COVID-19 - April 2, 2020
- Binance Officially Absorbs CoinMarketCap in $400 million deal - April 2, 2020
- RealT Tokenises and Sells USD One Million in Real Estate On Ethereum - March 30, 2020
- IOTA Teams Up with Eclipse Foundation to Work on Decentralised Marketplace and Identity Solutions to Help Fight Pandemic - March 30, 2020
- University of Malta Students Develop and Use Blockchain Voting Application - March 30, 2020
- Japan’s Nomura Securities and BOOSTRY Issue First Blockchain Digital Bond Offering - March 30, 2020
- Opera Rolls out Update and Expansion of its Cryptocurrency-Friendly Browser Blockchain Architecture - March 30, 2020
- Hong Kong Bank Partners with Aegis to Focus On Asset Digitalization Using Blockchain Technology - March 30, 2020
- European Union Looking to Blockchain Technology for Defense? - March 30, 2020
- Tech against Corona (COVID-19) – Dutch Enterprise Blockchain Company TYMLEZ Helps Dutch Government - March 29, 2020
- Microsoft Patents Human Activity Mining for Cryptocurrency Systems – Data Generated Based on Body Activity can be Proof-of-Work - March 27, 2020
- Binance Kicks Off $5 Million Coronavirus Relief Campaign and Donates USD $1 Million - March 27, 2020
- Medici Ventures Keiretsu Companies GrainChain and Symbiont Working Together to Expand Global Operations - March 27, 2020
- Blockchain-Fueled Entertainment Platform Ficto Launches Premium Interactive Streaming Network - March 27, 2020
- SettleMint – Belgian blockchain startup raises USD $2.09 Million for Expansion - March 27, 2020
- Exclusive Interview: Bitcoin and Cryptocurrency Leader Michael Terpin Sees Light in The Covid-19 Tunnel - March 26, 2020
- Blockchain Real Estate Project Smartlands Raising Funds on Equity Crowdfunding Platform Seedrs - March 26, 2020
- Cryptocurrency Exchange OKEx Greenlights DEA Trade Token Deapcoin For Its Jobtribe and PlayMining Games - March 26, 2020
- Microasset – The International Blockchain Monetary Reserve Announces $3.48 M In Reserve Funding, New Listing on BiKi Exchange - March 25, 2020
- Social Login – KyberSwap Integrates Torus to Offer Quick and Easy Ethereum Wallet Management - March 25, 2020
Also published on Medium.