In a fiery response that’s sending shockwaves through the sports and entertainment world, boxing legend Floyd “Money” Mayweather has broken his silence and lashed out at ESPN commentator Stephen A. Smith over what he claims are completely false and damaging accusations involving a $402 million scam.

The Rumor That Set Everything Off

Earlier this week, social media went ablaze after Stephen A. Smith discussed unverified rumors during a segment on ESPN’s First Take. The topic? Allegations that Mayweather was somehow connected to a massive $402 million financial scam involving cryptocurrency and offshore accounts. Though Smith didn’t state the allegations as fact, he gave them enough airtime to spark widespread speculation.

Smith said during the segment, “There’s chatter going around about Floyd Mayweather being involved in a suspicious investment operation that’s raised a few eyebrows. I’m not saying he did anything wrong, but where there’s smoke, there’s usually fire.”

Those words, according to Mayweather, were enough to light a media firestorm that damaged his reputation and triggered an avalanche of negative press.

Mayweather Claps Back

Mayweather, known for his calm yet calculated demeanor, finally responded via a powerful Instagram Live session followed by an official statement through his PR team.

“This is exactly what’s wrong with media today,” Mayweather said in the live session. “Stephen A. Smith—you went on national TV and basically tried to destroy a man’s name with zero proof, zero receipts, and nothing but hearsay. I’ve made my money legally, I’ve paid my taxes, and I’ve never been part of no scam.”

He continued, “You don’t get to throw shade and hide your hands. You’re supposed to be a journalist—do your homework before you put nonsense out there. You owe me an apology.”

Legal Threats on the Table?

Sources close to the Mayweather camp have suggested that legal action is on the table. Mayweather’s longtime attorney, James T. Reed, hinted that defamation suits are being explored.

“This is no small matter,” Reed said. “When a reputable media figure uses their platform to spread unverified rumors that can directly impact our client’s business dealings and public image, there are serious consequences.”

Mayweather’s brand, which includes TMT (The Money Team), a successful boxing promotion, and numerous investments in fashion, real estate, and fitness, could potentially take a hit due to these unfounded accusations.

Stephen A. Responds

Facing growing backlash, Stephen A. Smith addressed the controversy on his social media, claiming that his words were “misinterpreted” and that he had “no intention of accusing Floyd of wrongdoing.”

“I have nothing but respect for Floyd Mayweather and his legacy,” Smith said in a Twitter video. “My comments were based on trending topics and circulating rumors. I never said Floyd was involved—I simply acknowledged the story. If that came off the wrong way, I sincerely apologize.”

But Mayweather fans aren’t buying it. Comments across platforms are calling for ESPN to hold Smith accountable, with some even demanding a formal retraction on air.

Damage Control or Too Little, Too Late?

While Smith’s clarification may cool things down legally, it might not be enough to repair the trust with Mayweather or his fanbase. The incident also highlights a growing concern about how rumors spread unchecked in modern sports media.

“This isn’t just about me,” Mayweather said. “It’s about every successful Black man who builds something from the ground up, only to have the media try and tear it down with baseless gossip.”

As the story continues to unfold, one thing is clear: Floyd Mayweather is not staying quiet—and he’s ready to fight this battle just as fiercely as he did in the ring.

Stay tuned.