FOLLOW US: @theinsaneapp
Kim Kardashian and Mayweather were accused of misleading investors by promoting a scheme called "pump and dump." The lawsuit was dismissed today.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to the US court, the case raised "legitimate concern" about celebrities' ability to convince fans to "buy snake oils with unprecedented ease and reach."
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
District Judge added that "But the law still required investors to "act reasonably" before acting "on the current zeitgeist."
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Kim Kardashian promoted EthereumMax back in June 2021 on her Instagram account.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Mayweather, a boxing legend, promoted the EMAX tokens during a boxing match and at a Bitcoin conference held in June 2021.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
In 2021, the EMAX token saw a meteoric rise in value. However, by January, it had lost 97%.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Investors can file a new lawsuit before 22 December if they make changes to their claims.
Twitter | Insatagram | Facebook