Floyd Mayweather and DJ Khaled Escape Lawsuit Brought by Defrauded ICO Investors

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High-profile boxer Floyd Mayweather and music producer DJ Khaled have been dismissed from a lawsuit brought by investors in a fraudulent initial coin offering (ICO,) according to a court document filed on May 13.The celebrities had been involved in promoting Centra Tech’s ICO — but a judge has ruled that the investors who brought the legal action failed to prove they bought tokens as a direct result of the pair’s actions.According to the court document, Mayweather had posted tweets of himself holding the startup’s debit card along with the caption:“Spending bitcoins Ethereum and other types of cryptocurrency in Beverly Hills…”The former professional boxer had also tweeted ahead of the ICO’s launch, telling fans to get tokens “before they sell out, I got mine.”In his filing, Judge Robert Scola said the plaintiffs had failed to prove that they followed Mayweather’s Twitter account or that they saw his posts — adding that…

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