Floyd Mayweather had to come out of pocket more than $600,000 to settle charges brought against him by the SEC for his role in a cryptocurrency scandal ... officials have announced.
As we previously reported, Floyd and DJ Khaled both went to social media in 2017 to promote a crypto coin called Centra.
The problem according to the Securities and Exchange Commission ... neither star disclosed that they were getting paid to promote the coin ... which is a violation of federal law.
Turns out, Floyd received $300,000 to promote the coin and DJ got $50,000.