The US Securities and Exchange Commission (SEC) has settled charges against boxing icon Floyd Mayweather and music producer DJ Khaled for failing to disclose payments they received for promoting now-defunct cryptocurrency firm CentraTech to millions of followers on social media. While DJ Khaled received a payment of $50,000 to shill the failed initial coin offering (ICO), Mayweather pocketed $100,000, according to the SEC. Neither of them made those deals public. Still that didn’t stop them from pushing the cryptocurrency to followers. DJ Khaled praised CentraTech as a “game changer,” while Mayweather invited followers to participate in its ICO. For this…

This story continues at The Next Web