Taylor Mathis, a well-known sports betting influencer and DraftKings ambassador, is facing charges of crypto market manipulation.
The sports betting influencer has been accused of inflating its own token before pulling the rug. The accusations center around the $TAYLOR token, a digital asset linked to Mathis, which experienced a price increase followed by a sharp decline – in other words, a ‘back pull’. Mathis agreed to promote $TAYLOR for 2% of the total supply, which amounted to 20 million tokens.
another day, another celebrity crypto scam
just 3 days after saying she would never rug pull her own coin, she does exactly that for a measly 27k
glad to see @DKSportsbook only sponsors the best of the best pic.twitter.com/7MBJmdJZBH
— Plus EV Penguin 🐧/ seth (@PlusEVPenguin) October 24, 2024
Mathis is said to have promoted the token to her followers, increasing its value before selling her shares just before the crash. Since its peak, the token’s price has fallen by more than 96%.
Mathis claimed he was unaware of the project’s true intentions, saying, “I didn’t want to be involved in this,” adding, “I was trying to do the right thing.”
Taylor Mathis’ answer
After the allegations came to light, Mathis secured her social media accounts and removed references to her partnership with DraftKings. Initially, she claimed that the carpet-pulling could not take place without her intervention, as she controlled most of the coin; however, that post has since been deleted.
Mathis also claimed that all profits would be donated to a toy charity, according to a now-deleted post on X.
