Kim Kardashian and Floyd Mayweather have been sued by investors over 'misleading.
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Msn- Ase' Business and News
MSN- ASEBUSINESSANDNEWS PA
Reported
Kim Kardashian and Floyd Mayweather are being sued over allegations they misled investors when promoting a little-known cryptocurrency called EthereumMax to their millions of social media followers.
A class action lawsuit filed last Friday in the U.S. District Court for the Central District of California accuses EthereumMax and its celebrity promoters of working together to artificially inflate the price of the token by making “false or misleading statements” in social media posts.
Kardashian caused a stir last year when she made an Instagram post promoting the EthereumMax token. “Are you guys into crypto????” Kardashian wrote. “This is not financial advice but sharing what my friends just told me about the Ethereum Max token!”
Kardashian included the hashtag #ad in the message, suggesting she was paid to promote it. It’s not clear if Kardashian was paid by EthereumMax, though estimates have placed her fee per sponsored Instagram post in the $500,000 to $1 million range.
Ase' Business and News -
It is very imporatnat that people just don't jump on the band wagon without some type of training about Cryptocurrencies .
Pople would need to learn how to invest.
Investing in cryptos is becoming as easy as investing in equity shares thanks to technology and the rise in demand. Bitcoin, Ethereum and Dogecoin are just a few of the crypto currencies available to be traded by investors like you and me. But how can one jump into the world of cryptocurrencies?
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