Menu
  • Home
  • Cryptocurrency
  • Blockchain
  • NFT & Metaverse
  • Market & Analysis
  • ICO
  • Bitcoin
  • Altcoins
  • Ethereum
  • Litecoin
  • Dogecoin
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Home Ethereum

Kim Kardashian, Floyd Mayweather Set to Win Ethereum Max Lawsuit

Kingofmetaverse by Kingofmetaverse
November 9, 2022
in Ethereum
0
Kim Kardashian, Floyd Mayweather Set to Win Ethereum Max Lawsuit
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Billionaire businesswoman Kim Kardashian and boxer Floyd Mayweather are set to win a lawsuit accusing them of scamming buyers with the obscure cryptocurrency EthereumMax. 

U.S. District Decide Michael Fitzgerald on Monday issued a tentative court docket ruling saying that legal professionals for the disgruntled buyers had been “attempting to behave like” the SEC, as first reported by Bloomberg. Tentative rulings present how a choose is ready to rule in a case earlier than it hits court docket. 

In January, buyers sued the mega wealthy celebs, claiming they labored to pump the value of EthereumMax tokens after which dump them, leaving others out of pocket. 

EthereumMax—or EMAX—is a token that runs on Ethereum, the blockchain behind the world’s second largest cryptocurrency. It made headlines when it was promoted by celebrities final yr however doesn’t seem to have any utility.

Fitzgerald reportedly added that the celebrities didn’t “care to label the tokens as a safety for apparent causes.” 

Related articles

Ethereum Rival That’s Soared 160% in Just One Month May Be in Early Days of Massive Rally, According to Crypto Analytics Firm

Ethereum Rival That’s Soared 160% in Just One Month May Be in Early Days of Massive Rally, According to Crypto Analytics Firm

February 2, 2023
Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards?

Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards?

February 2, 2023

However again in October, Kim Kardashian agreed to pay the SEC $1.26 million to settle the fees in opposition to her for shilling EMAX.

The truth TV star shared by way of an Instagram story “a giant announcement” the place she talked about EMAX’s tokenomics. 

Regardless of the hefty settlement, Instagram queen Kim—who has 333 million followers on the platform—neither admitted to nor denied the regulator’s fees. 

SEC chair Gary Gensler later said the high-profile case was picked up by the federal government company as a result of the Instagram submit failed to say how a lot Kim Kardashian was paid to advertise EMAX—one thing obligatory when selling securities. 

Later, the UK Monetary Conduct Authority chair Charles Randell referred to as Kim’s submit the “monetary promotion with the only largest viewers attain in historical past.”

Keep on high of crypto information, get every day updates in your inbox.



Source link

Tags: EthereumFloydKardashianKimLawsuitMaxMayweatherSetWin
Share76Tweet47
Previous Post

Former Meta and Pinterest executive joins Decentralized Social as COO

Next Post

Dogecoin Co-Founder Predicts Bitcoin Will Hit $100,000

Related Posts

Ethereum Rival That’s Soared 160% in Just One Month May Be in Early Days of Massive Rally, According to Crypto Analytics Firm

Ethereum Rival That’s Soared 160% in Just One Month May Be in Early Days of Massive Rally, According to Crypto Analytics Firm

by Kingofmetaverse
February 2, 2023
0

A number one crypto analytics agency is suggesting that Fantom (FTM), a prime Ethereum (ETH) rival, is simply to start...

Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards?

Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards?

by Kingofmetaverse
February 2, 2023
0

Aligned with the optimistic environment within the cryptocurrency sector, Ethereum (ETH) has recorded a bullish rally which has slowed down...

Ethereum (ETH) and Solana (SOL) Dump; Orbeon Protocol (ORBN) Aims for the Sky With 1400% Returns

Ethereum (ETH) and Solana (SOL) Dump; Orbeon Protocol (ORBN) Aims for the Sky With 1400% Returns

by Kingofmetaverse
February 2, 2023
0

Disclaimer: The textual content beneath is an advertorial article that's not a part of Cryptonews.com editorial content material.Whereas Ethereum (ETH) and Solana...

Crypto prices today: Bitcoin grow 3.29%, Ethereum & Solana increase, market remains in the green

Crypto prices today: Bitcoin grow 3.29%, Ethereum & Solana increase, market remains in the green

by Kingofmetaverse
February 2, 2023
0

On Thursday, the market traded within the inexperienced, with high cryptocurrencies marking a rise. The worldwide crypto market cap stood...

Rocket Pool Community Voting Whether to Self-Limit its Growth – CoinDesk

Rocket Pool Community Voting Whether to Self-Limit its Growth – CoinDesk

by Kingofmetaverse
February 1, 2023
0

Rocket Pool Community Voting Whether to Self-Limit its Growth  CoinDesk Source link

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular

  • Trending
  • Comments
  • Latest

BDTCOIN Is Set To Launch Best Ever Revolutionized Gold Standard Currency

November 23, 2022
Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs

Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs

October 19, 2022
More Than 50% of Bitcoin Addresses Are Now in Loss – CoinDesk

More Than 50% of Bitcoin Addresses Are Now in Loss – CoinDesk

November 21, 2022
Best movies of 2022 on Bitcoin and blockchain

Best movies of 2022 on Bitcoin and blockchain

October 19, 2022
Musk Lifts Twitter Ban On Dogecoin Accounts; DOGE Pumps 7%

Musk Lifts Twitter Ban On Dogecoin Accounts; DOGE Pumps 7%

December 5, 2022
Sen. Warren leads probe of Bitcoin impact on Texas power grid, ERCOT use of demand response ‘subsidies’

Sen. Warren leads probe of Bitcoin impact on Texas power grid, ERCOT use of demand response ‘subsidies’

0
Bitcoin Paints A Red Picture For Major Altcoins

Bitcoin Paints A Red Picture For Major Altcoins

0
Cardano (ADA) May Fade into Obscurity Like EOS, Top Trader Claims

Cardano (ADA) May Fade into Obscurity Like EOS, Top Trader Claims

0
Joel Dietz on Creating Ethereum, MetaMask and MetaMetaVerse

Joel Dietz on Creating Ethereum, MetaMask and MetaMetaVerse

0
Trading Bot Known for Outperforming Bitcoin and Crypto Markets Details New Altcoin Selections, With Ethereum Allocation Surpassing Bitcoin

Trading Bot Known for Outperforming Bitcoin and Crypto Markets Details New Altcoin Selections, With Ethereum Allocation Surpassing Bitcoin

0
Spatial Metaverse Company Launches GDC Announcement Today

Spatial Metaverse Company Launches GDC Announcement Today

March 24, 2023
Yuga Labs Announces Second Trip on March 25th!

Yuga Labs Announces The Otherside 2nd Trip Captains

March 24, 2023
L’Oréal’s Brandstorm Competition Brings You To The Metaverse

L’Oréal’s Brandstorm Competition Brings You To The Metaverse

March 23, 2023
Magic Eden Refunds Users Affected By Unverified NFT Bug

Magic Eden’s Bitcoin NFT Marketplace is Live!

March 23, 2023
MoonPay Partners with Filmmaker Julie Pacino for NFT-Powered Movie

MoonPay Partners with Filmmaker Julie Pacino for NFT-Powered Movie

March 23, 2023