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Khamzat Chimaev’s Manager Apologizes For Crypto ‘Situation’: “It Was A Mistake”

Khamzat Chimaev’s Manager Apologizes For Crypto ‘Situation’: “It Was A Mistake”

Khamzat Chimaev’s manager, Majdi Shammas, has spoken out regarding the recent controversy surrounding the SMASH crypto currency – which Chimaev promoted on social media.

The issue erupted last week when Chimaev endorsed SMASH – a Solana-based cryptocurrency – leading to allegations of a pump-and-dump scheme.

According to onchain investigator ZachXBT, a significant portion of the SMASH token supply was purchased by insider and developer-related wallets.
This led to accusations that Chimaev and his team were manipulating the market to their advantage:

Khamzat your team is incompetent as you directly linked the team wallets with the insider wallets buying up 78%+ of the supply.

Why do all of you instantly nuke your reputation with meme coin scams?

In response to the backlash, Khamzat’s manager Majdi Shammas issued a statement on X, clarifying Chimaev’s involvement—or lack thereof—in the crypto venture:

I want to comment the recent reports on the SMASH meme coin.

I was approached by a group claiming to be fans of my client Khamzat Chimaev. They wanted to record a short video promoting their launch.
So I agreed to that, nothing more nothing less.

Maybe I was mislead. Khamzat wasn’t involved and know just as little as you do.
So the news is really unpleasant and I’m seeking an explanation from those responsible.

My apologies to Khamzat and all others of you affected by this, if I could have done anything differently.
Thank you for your understanding, I’ll keep you updated.