Most celeb tokens are down 66%+ since Jenner’s bizarre crypto debut
The Iggy Azalea-launched “MOTHER” is the only token launched by celebrities last week still hitting new all-time highs. It has now amassed a market cap of $130 million. Go to Source
Floyd Mayweather
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Blockchain Sleuth Zackxbt Called out Floyd Mayweather on Token Scams
Blockchain sleuth Zackxbt called out former boxing world champion Floyd “Money” Mayweather about his fraudulent token activities. Answering a now-deleted post on X where Mayweather promoted a Solana address for his token, Zackxbt asked if the boxer deserved a 13th chance, given the numerous failed and disappeared projects he had promoted before. Zackxbt stressed that … Read more
EMAX investors given third and final chance at celeb promo suit
The judge presiding over a class suit by EMAX token investors gave them a final chance to file their claims against celebrities who allegedly promoted it. Go to Source
EMAX class action against Kim K and Mayweather is back on, says judge
While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities. Go to Source Powered by WPeMatico
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it. Go to Source Powered by WPeMatico
Class action against Kim K, Mayweather over EMAX dismissed… for now
Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes. Go to Source Powered by WPeMatico
More laws are the solution for taking down crypto influencers
The EU moved in the right direction by passing a law requiring influencers to disclose the risks associated with crypto. More countries should follow their lead. Go to Source Powered by WPeMatico
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3. EMAX Token Markets … Read more
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC, … Read more
19 celebrities called out by consumer watchdog group for shilling NFTs
Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area “rife with deception.” Go to Source Powered by WPeMatico
