Do you remember Ethereum Max, a cryptocurrency that ended up being briefly sold by a select group of celebrities and very wealthy athletes? Then, according to Decrypt, at least nine of the celebrities who acquired this digital asset filed a lawsuit against the billionaire who created and sold these assets.
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In view of this, the billionaire socialite Kim Kardashian continues to fight against the lawsuits that were brought against her, under the accusation of promoting a “pump and dump” token. Thus, on July 29, the billionaire's lawyers filed a motion in the California district court, in an attempt to dismiss this lawsuit that was filed against her. Among the investors suing Kim Kardashian are boxer Floyd Mayweather and former basketball star Paul Pierce for promoting this token.
According to the socialite's defense, token buyers are only trusting two posts that are on Instagram of the famous, however, they argue that Kim did not give investment advice on cryptoactive. “Crucially, no named authors claim that they actually saw any of the Instagram posts before purchasing tokens during the relevant period,” the document reads.
Ultimately, EthereumMax was an unknown token until some celebrities promoted the asset during the maximalist Bitcoin conference in Miami in June 2021. EMAX has so far not shown any utility, trading at US$0.000000004702, which ended up generating all the lawsuits.
Geographer and pseudo writer (or otherwise), I'm 23 years old, from Rio Grande do Sul, lover of the seventh art and everything that involves communication.
