Kim Kardashian fined for crypto endorsement

Kim Kardashian, the reality TV star, paid $1.26 million to settle fees related to her online marketing of the EthereumMax digital token, the US Securities and Exchange Commission said Monday.

Kardashian failed to disclose a $250,000 payment to post on her Instagram account about EMAX tokens, the digital asset linked to EthereumMax (a crypto project unrelated to Ethereum, the second largest crypto token). Instagram influencers often fail to disclose paid posts, but Kardashian ran afoul of federal securities laws that explicitly require celebrities or others to disclose details of compensation they receive from such promotions.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *