Ethereummax

Kim Kardashian wasn't the only celebrity who dabbled in crypto ads, but many won't face charges

Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform. Buy emax crypto May 2021: The EMAX coin is launched. May 2021: It is the official coin of the Floyd Mayweather v Logan Paul boxing event, helping to raise its hype. June 2021: Kim Kardashian promotes the coin to her followers across her social media platforms. October 2022: Kardashian charged $1.26 million fine for promoting EthereumMax.

Emax crypto website

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Author: Shelly Kay

The project's honesty when questioned is a point in their favor. But it makes the original claims seem misleading: How could EthereumMax claim to be the “exclusive CryptoCurrency (sic) accepted for online ticket purchasing” for the fight, if there’s no official relationship to the promoters? The wording is very careful – it doesn’t say emax is the “official cryptocurrency of the Mayweather-Paul fight” or similar. In this case “exclusive” just means “the only token you can use for this purpose.” Kim Kardashian Pays $1.26M To Settle SEC Charges of Promoting EthereumMax “The hype around them generates a powerful fear of missing out from some consumers who may have little understanding of their risks,” the FCA chair, Charles Randell, said in a speech prepared for the Cambridge International Symposium on Economic Crime on Monday. “There is no shortage of stories of people who have lost savings by being lured into the crypto bubble with delusions of quick riches, sometimes after listening to their favourite influencers, ready to betray their fans’ trust for a fee.”

Ethereum max crypto

The class action complaint claims that the celebrities were already paid in tokens for their sponsorships, so their posts effectively convinced thousands of Kardashian’s loyal fans to invest in something that suddenly became worthless. “In truth, Defendants marketed the EMAX Tokens to investors so that they could sell their portion of the Float for a profit.” It also alleges violations of state consumer protection laws. SEC Sues Former NBA Star Paul Pierce Over EthereumMax Promos In 2019, Ethereum Foundation employee Virgil Griffith was arrested by the US government for presenting at a blockchain conference in North Korea. He would later plead guilty to one count of conspiring to violate the International Emergency Economic Powers Act in 2021.