Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators.
, asking her millions of followers: “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”
The post included a link to EthereumMax’s website, which had instructions for potential investors to purchase EMAX tokens, the SEC statement said.Kardashian agreed to pay $1.26 million in penalties, which includes her promotional payment, and to cooperate with the commission's investigation “without admitting or denying the SEC’s findings,” the statement said.
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Kim 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 pays over $1M to settle SEC charges related to crypto promo on InstagramThe SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
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Kim 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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Kim Kardashian Charged by SEC for Crypto Promo, Agrees to Pay $1.26 MillionKim Kardashian failed to tell her followers she was paid to promote a crypto asset -- a mistake that's now cost her $1.26 million and charges from the Securities and Exchange Commission.
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Kim Kardashian settles SEC crypto charge, to pay $1.26 millionKim Kardashian has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties and associated fees, the U.S. Securities and Exchange Commission said on Monday.
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