Kardashian, Mayweather and Pierce sued for the promotion of Ethereum Max | Messages

Kim Kardashian, Floyd Mayweather, Paul Pierce

Kim Kardashian, Floyd Mayweather and Paul Pierce face a class action lawsuit. Celebrities are accused of misleading consumers. It’s about a project called Ethereum Max.

Ryan Huegerich, a New York resident, along with other plaintiffs filed a class action lawsuit accusing celebrity Kim Kardashian, ex NBA star Paul Pierce, and boxer Floyd Mayweather of promoting a fake Ethereum called Ethereum Max (EMAX). Huegerich wants to be the lead plaintiff in the class action and claims that:

The accused praised the company’s prospects and investors’ ability to generate significant profits.

Kim Kardashian started promoting a project called Ethereum Max last June. The celebrity asked her fans on Instagram “are they in crypto” and explained why entering Ethereum Max is a good idea.

promotion of ethereum max on ig

Victims say Kardashian and other celebrities have colluded to artificially raise EMAX prices and sell some assets at a profit.

Strategy success

The defendants’ strategy turned out to be a success. According to Charles Randell, chairman of the British Financial Conduct Authority, A photo of Kim Kardashian in a T-shirt with the Ethereum Max logo, which reached 250 million followers of her Instagram account, could have been a financial promotion with the largest single reach in history. Misleading promotions and celebrity recommendations could artificially increase the interest in EMAX tokens and their price in the appropriate period. Thus causing investors to buy them at inflated prices.

Ethereum Max is a scam?

EMAX is the fastest growing altcoin on the market. The project appropriated the traditional Ethereum logo to make it popular. EMAX is actually an ERC-20 token that has no real use, much like other shitcoins (e.g. SafeMoon).

Kim Kardashian, Floyd Mayweather, Paul Pierce

About Alex Marcell

He likes dogs, pizza and popcorn. Already a fanboy of Nintendo and Sony, but today throws anything. He has collaborated on sites and magazines such as GameBlast, Nintendo World, Hero and Portal Pop, but today is dedicated exclusively to Spark Chronicles.

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