A class action lawsuit accuses Kim Kardashian and Floyd Mayweather of artificially inflating the price of the cryptocurrency EthereumMax.
Summary
- Kim Kardashian arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York.
- 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.
- Kardashian caused a stir last year when she made an Instagram post promoting the EthereumMax token.
- Mayweather also promoted EthereumMax at a major bitcoin conference in Miami, and was subsequently booed off stage.
- Mayweather doesn’t appear to have disclosed payment for his promotion of the token, the lawsuit said.