https://safirsoft.com Kim Kardashian and Floyd Mayweather File a Lawsuit Over Promoting an Alleged Crypto Drain Scheme
What happened? A group of investors is suing Kim Kardashian, Floyd Mayweather and basketball star Paul Pierce for promoting the EthereumMax digital currency. Celebrities are accused of making false or misleading statements about currencies "through social media ads and other promotional activities".
EthereumMax, which has nothing to do with Atrium, was trading in early 2021 when its initial trading price jumped more than 1,000 percent to $0.00000006 (May 16) on May 29. Density increase. Increase the value after using it to purchase a boxing match ticket from Mayweather / Logan Paul - Mayweather also used EthereumMax URL ads on her shorts while fighting - and Pierce tweeted about the cryptocurrency.

Another important contributor to the ad was Kardashian, who spread information about EthereumMax to her 278 million Instagram followers via Stories. While the influencer added a small disclaimer, stating that this was a cash ad, he claimed in the post that he had heard about the coins from his friends and that it didn't look like an ad. According to Morning Consult, 19% of respondents who heard about Kardashian's post have invested in EthereumMax.

https://safirsoft.com. A day after the <b>Kardashian</b> post, it dropped 98% and continued to drop sharply, It eventually fell below its original level.Coin makers are said to have sold their tokens before the crash, as their wallet title indicates, making a lot of money in the process, forcing investors to keep the cryptocurrency virtually worthless.< / p> <p> Celebrities and creators of EthereumMax Listed as defendant in a lawsuit filed in New York Plaintiffs are listed as individuals who invested in the coin between May 14, 2021 and June 27, 2021, as a result of which the coin's trajectory was damaged. Influencers / celebrities advertise coins, they are not Something new, and this isn't the first time they've been involved in an advertising debate about cryptocurrency.Boxer and DJ Khaled were heavily fined by the Securities and Exchange Commission in 2018 for failing to disclose that they were paid to promote the initial coin offering.</p> <p> h/t: Gizmodo </p>></div><br><div class=Tags: kim, kardashian, floyd, mayweather, file, lawsuit, over, promoting, alleged, crypto, drain, scheme


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