Kim Kardashian, Floyd Mayweather, and other celebrities have become the target of a new lawsuit for promoting a crypto token.
The reality TV star, Kim Kardashian and the boxing legend, Floyd Mayweather, are among the targets of a recent lawsuit. Filed in a Los Angeles federal court on January 7, the suit alleges that the duo and other celebrities misled investors by promoting a digital currency known as EthereumMax ., represents investors who invested in “the Ethereum Max scheme” from May 14 through June 27, 2021.
The filings read that the celebrities misled the investors by misrepresenting material facts with respect to the crypto asset by creating the impression that buying the token would them generate profit.In furtherance of this scheme, Defendants touted the prospects of the Company and the ability for investors to make significant returns due to the favorable “tokenomics” of the EMAX Tokens.
Floyd Mayweather wore customized EthereumMax shorts during his fights. Most notably, he had such promo clothing on during the highly-advertized “Billing Rights” exhibition match against Logan Paul in June 2021.
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