Kardashian's negative experience with promoting crypto assets continues.
The US Securities and Exchange Commission brought charges against Kim Kardashian for promoting a crypto security – Ethereum Max.
The popular US media personality, model, and businesswoman agreed to pay $1.26 million to settle the charges.in January this year a lawsuit filed in California against Floyd Mayweather and Kim Kardashian, claiming that they misled investors by promoting a cryptocurrency security called EthereumMax .on October 3 reaching an agreement with Kardashian, in which she will pay $1.
The TV personality will also cooperate with the agency as the investigation continues. According to the Commission, Kardashian received $250,000 to promote the EMAX tokens on her Instagram page, which, as of today, has more than 330 million followers.“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors.