Kim Kardashian, Floyd Mayweather sues for inappropriate promotion of cryptocurrency tokens-
Kim Kardashian, Floyd Mayweather sues for inappropriate promotion of cryptocurrency tokens-
Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are faced with a crime for promoting EthereMax and the Emax cryptocurrency. The "improper advertising activities of the celebrities have generated the trading volume that all accused need to invite their emax tokens to unsuspecting investors," the lawsuit.
Kim Kardashian and Floyd Mayweather Jr. were sued for promoting a cryptocurrency token. The class action lawsuit, which was submitted by New York Ryan Huegerich on January 7, claims that Kardashian and Mayweather would have misled investors in their advertising for EthereMax and the Emax crypto token.
other defendants are Ethereummax, his co -founder and creator Steve Gentile and Giovanni Perone, the consultant and developer of the project Justin French and the promoter Paul Pierce. Huegerich bought Emax token and lost money. The class action extends to everyone who bought Emax-token from May 14, 2021 to June 27, 2021. According to the lawsuit, the following applies: The inappropriate advertising activities of the defendant of the promoter generated the trading volume that all the accused need to load their Emax tokens on unsuspecting investors. In addition, the lawsuit claims that the plaintiff and the collecting plaintiffs "the Kardashian promoted Ethereummax in June 2021 Instagram to their 250 million followers. In the lawsuit it was found that the Instagram post of the reality TV star contains the #Ad-Hashtag "hidden at the bottom right of the article" in order to show that it was a paid advertising, and added that Kardashian "usually paid between $ 300,000 and $ 1 million for most advertising campaigns". Contributions. " Mayweather Crew Ethereummax in different ways, including on his box trousers during a much-noticed fight with YouTube star Logan Paul in June, and offered fans incentives to buy online tickets with emax token. The price of Emax quickly rose by 1,370 %after its introduction in May. On July 15, however, she reached an all -time low, "a decline of 98%from which she could not recover," says the lawsuit. In the procedure, the reimbursement and the skimming of profits by the accused are sought. The EthereMax team submitted an explanation from the lawsuit after the message. "The deceptive narrative associated with the recent allegations is peppered with misinformation about the EthereMax project," they said and added: We deny the allegations and look forward to the fact that the truth comes to light. In September last year, the chairman of the British Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), Charles Randell, Kim Kardashian in a warning of crypto fraud. What do you think of the lawsuit against Kim Kardashian and Floyd Mayweather Jr.? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons Kim Kardashian and Floyd Mayweather Jr. sueds for crypto advertising
inappropriately advertised Emax-Token, [The] The accused were able to sell their EMAX tokens and did so ... with considerable profits." 
