Fighters are always looking for ways to expand on their earnings, especially since the UFC banned athletes from showcasing sponsors on their fight shorts in 2015. Many fighters do the smart move of investing in ventures that will bring them future returns. The biggest example of this is Conor McGregor, who started the Proper No.12 Whiskey brand, eventually selling it to Proximo Spirits for a fortune. However, not all fighters manage to hit their targets, and the biggest example of this is Khamzat Chimaev‘s infamous cryptocurrency scam, which the Chechen fighter allegedly didn’t know was a pump-and-dump scheme.

Naturally, this drew a lot of ire from fans, especially for those who invested money in the Chechen’s crypto venture, only for its value to eventually drop to zero. Sensing an opportunity to stir drama, three-time title contender and former interim welterweight champion Colby Covington decided to berate the Chechen fighter. Let’s see what ‘Chaos’ had to say about Chimaev’s crypto scam.

Colby Covington brings back a dark scam incident while calling out Khamzat Chimaev

Recently, Colby Covington appeared in a Twitch broadcast for his fans and used the opportunity to bash Khamzat Chimaev his the July pump-and-dump crypto scheme. He said, “I mean, the guy is a scammer dude, look what he did to all his fans, man. He scammed all of his fans with that crypto scam. I would never do that. So many people have brought me a Crypto scam to pump and dump on my fans. I would never do that to my fans.”

He also mentioned how he would never dupe any of his fans out of their hard-earned money. Covington thanked his team and fans for all the support while throwing a challenge to Chimaev. He said, “You know Khamzat’s a little b***h. He is lucky we never crossed paths, I would’ve broken his a** inside the octagon.”

For the uninitiated, the crypto scam that ‘Chaos’ is talking about is the SMASH meme coin which Chimaev promoted when he was having a downtime due to chronic illnesses, back in July. There was a lot of promotion going on in Chimaev’s social media handles which would later prove to be a problem for him.

“I also made a mistake” – Chimaev on being called out for his crypto scam

Khamzat Chimaev’s ‘SMASH’ meme coin is a form of cryptocurrency that originated from a famous internet meme, inspired by ‘Borz’ proclamation to ‘smash everybody’ when he first broke into the UFC. Before ‘Borz’ made his promotions, Chimaev had even taken suggestions from fans on where to invest his millions of earnings when it came to cryptocurrency. However, many fans ended up losing a lot of money as the digital currency’s value dropped to zero.

Furthermore, reports emerged that Chimaev did a ‘pump and dump’ with his SMASH meme coin and took home over a million dollars. Many crypto experts and fans alike, blamed him but the Chechen was not quiet for long. According to Chechen finisher, his manager was to blame as the 31-year-old revealed, “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.”

Now that Covington decided to bring out corpses from the closet, do you think the Chechen will retaliate? Let us know in the comments below.