Fyre Festival's Billy McFarland will step into the pit for a karate match where he vows to use his winnings to pay back the $26million owed to duped festival-goers and investors

Festival-goers and investors who were duped by Fyre Fest's Billy McFarland would love to see him get punched in the face - and now they'll get the chance.

The founder of the infamous festival has agreed to a Karate Combat match against Alex Shillin Villain, a prominent crypto influencer and fighter, next month in Austin, Texas.

Speaking to DailyMail.com, McFarland, 32, said, 'I'm donating a significant amount of my fight purse to restitution and people owed in the Bahamas.

'Fyre Festival 2.0 will add more zeroes to the payback than my striking debut, but stepping into the pit is a great way to literally fight to pay people back.'

McFarland is on the hook for $26million in restitutions after spending four years in prison for his part in defrauding investors into the failed music festival.

Billy McFarland has agreed to a karate combat fight against cypto influencer and fighter Alex Shillin Villain in Austin, Texas, next month

'I'm donating a significant amount of my fight purse to restitution and people owed in the Bahamas,' McFarland told DailyMail.com. He's seen training for the match 

He will fight Alex Shillin Villain, a prominent crypto influencer and fighter, next month in Austin, Texas

Next month's fight will be governed by Karate Combat and will be held at a crypto conference called Consensus.

McFarland, a longtime fan of MMA, will gear up with gloves and will go without head gear, and punches, kicks, and knockouts are all allowed.

'This is an incredible life challenge and demonstrates what Fyre is all about,' the fraudster said. 

When pressed about his opponent, Alex Shillin Villain, McFarland said, 'The first Fyre never happened, but knocking Alex out certainly will.' 

McFarland was at the center of two different documentaries produced by Netflix and Hulu in 2019

Karate Combat is the world's leading striking league and the first pro sports league governed and gamified by a bitcoin token, $KARATE.

This comes as McFarland recently revealed he owes the IRS $7million in back taxes, on top of the further $26million.

The festival founder told The U.S. Sun that still hopes for a second iteration of the festival, despite the mountain of debt he is dealing with. 

He said, 'There's restitution, there's taxes, there's everything from the pre-Fyre days that we're working on.

'Restitution is around $26 million. And I pay that every month, so whatever I earn I go and literally give a physical check or pay online. 

'Then there are various other people who are involved in Fyre that I'm paying back on a monthly basis as well.'

Despite the high figures, McFarland said, 'It's all just numbers at this point.'

According to the 32-year-old, he is also living a more frugal lifestyle these days and is hopeful Fyre Festival 2 will help his financial woes. 

McFarland said, '[Fyre Festival 2] is the most tangible way to repay the $26 million that I owe, and having real partners gives an opportunity in the next five to seven years, to actually pay back that $26 million.

Last year he claimed that the first run of tickets for the festival had already sold out, with the event slated to take place in December of this year. 

The event faced heavy criticism, with people arriving on the island of Great Exuma to find incomplete accommodations 

McFarland was released in March 2022 and took him just over a year to announce Fyre Festival II 

McFarland was convicted of fraud in 2018 after selling 8000 tickets - with price tags between $1,000 - $12,000 - to the original botched Fyre Festival. 

It was cancelled on its opening day, leaving people stuck on the island without many basic amenities. 

One year later, McFarland pleaded guilty to two counts of wire fraud and was sentenced to six years in prison, in addition to being ordered to pay back investors.

He was also barred from ever serving either as an officer or director of a public company after tricking investors by altering a stock ownership statement to inflate the number of shares he purportedly owned in a publicly traded company to make it appear he could personally guarantee the investment.

McFarland was released in March 2022 and took him just over a year to announce Fyre Festival II.

Ticket holders, who thought they were heading to a 'luxury music festival' held on Pablo Escobar's former private island, were actually lured to a catastrophic event mired in issues with everything from food to accommodation.

Guests - who paid as much as $13,000 for luxury packages - were left stranded, with unfinished shelter, no transportation, and no food aside from cheese sandwiches served out of polystyrene boxes, images of which quickly went viral.

Guests - who paid as much as $13,000 for luxury packages - were left with no food aside from cheese sandwiches served out of styrofoam boxes, images of which quickly went viral

The initial Fyre Festival had seen McFarland team up with rapper Ja Rule to draw millions in investments, with the promise of putting on a first-of-its-kind luxury event in the Bahamas, with models, DJs, VIP dwellings and extravagant meals. 

McFarland paid the likes of Kendall Jenner to promote the event on Instagram who blasted promo content to lure people into buying tickets at thousands of dollars each. 

But the event faced heavy criticism, with people arriving on the island of Great Exuma to find much less than they had anticipated.

Court documents described the scene as 'total disorganization and chaos.' The 'luxury accommodations' were FEMA disaster relief tents, the 'gourmet food' was barely passable cheese sandwiches served in styrofoam containers and the 'hottest musical acts' were nowhere to be seen.