Cryptocurrencies have been entering the world of sports in the form of NFTs, fan tokens, club sponsorships, sports arena re-naming etc. Not only are today’s sports stars willing to take their payments in cryptos but also are willing to accept bonus packages in the form of fan tokens. Besides, they are quite active on the NFT scene as they interact with fans better by selling personalized digital collectibles in the form of NFTs.
But as cryptos have entered the sporting arena, so have the cases or number of stars and clubs who have become more prone to crypto scams or accused of deliberately manipulating or promoting a particular crypto or fan token to gain dividends.
The latest one who seems to be under the scanner is England football coach Gareth Southgate whose name has crept up, making top headlines in the sports section for his alleged involvement in cryptocurrency. Recently, a mass email campaign was shot as part of a crypto scam that falsely claimed info on Southgate’s investments.
Also read: Coinbase, Mastercard join hands for NFT marketplace purchase
According to the mass email, it is claimed that Mr. Southgate made a fortune using a crypto trading platform. In what is now dubbed to be a completely fictionalised email, it was claimed that Southgate had gone on American TV host Ellen DeGeneres’s show to talk about his success.
The mail alleged Southgate made a “secret investment”, which helped him to increase his wealth by 5,000 per cent. Mr. Southgate has…
