Kim Kardashian agrees to pay $1.26M for crypto ad

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Kim Kardashian agrees to pay $1.26M for crypto ad
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Reality star Kim Kardashian agrees to pay $1.26M fine after unlawfully pushing a cryptocurrency on her social media platform without revealing that she was paid to do so, US authorities say

Kim Kardashian arrives on the red carpet for the annual White House Correspondents' Association Dinner in Washington, US, April 30, 2022.

The Securities and Exchange Commission accused Kardashian, who has 331 million followers on Instagram — making her one of the top 10 most followed people on the global social network — of failing to disclose that she was paid $250,000 to post about EMAX tokens, the crypto asset security being offered by EthereumMax.

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Kim Kardashian to pay $1.26M to settle SEC crypto chargesKim Kardashian to pay $1.26M to settle SEC crypto chargesThe SEC alleged that the celebrity billionaire used her Instagram account to tout EthereumMax’s token, EMAX, without adding any disclaimer that she was being given $250,000 to publish the posts.
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Kim Kardashian Responds To $1.26M SEC Fine For Cryptocurrency Pitch & Payments – UpdateKim Kardashian Responds To $1.26M SEC Fine For Cryptocurrency Pitch & Payments – Update(2:15 PM Updated with Kardashian lawyer statement) Kim Kardashian will pay $1.26 million and has agreed not to promote any crypto securities for three years to settle charges with the SEC that she …
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Kim Kardashian Settles With SEC, Pays $1.26M for Unlawfully Promoting EthereumMaxKim Kardashian Settles With SEC, Pays $1.26M for Unlawfully Promoting EthereumMaxKardashian's negative experience with promoting crypto assets continues.
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Kim Kardashian Pays $1.26M to Settle SEC Charges For Promoting EthereumMaxKim Kardashian Pays $1.26M to Settle SEC Charges For Promoting EthereumMaxBREAKING: SECGov has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received. By OKnightCrypto
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