FC Barcelona cancelled a marketing deal with non-fungible token (NFT) marketplace Ownix. It was scheduled to auction its first NFT collection through the platform.

The Associated Press reported that the cancellation followed the arrest of Israeli crypto mogul Moshe Hogeg on fraud involving cryptocurrencies and assault charges. It also reported that Hogeg has ties to Ownix. 

“In light of information received today that goes against the Club’s values, FC Barcelona hereby communicate the cancellation of the contract to create and market NFT digital assets with Ownix with immediate effect,” the club said in a statement on its website.

By Amy Liu