Kim Kardashian Issues Motion to Dismiss EthereumMax Lawsuit
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Reality TV star Kim Kardashian does not want to be associated with fraudulent crypto tokens.
Kim Kardashian’s legal team is trying to dismiss the class action complaint against the reality TV star and other American celebrities.
In January 2022, Kim Kardashian and other social media influencers were filed a class action complaint. According to the lawsuit influencers misled investors into buying EthereumMax tokens.
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There has been a complaint given regarding posts Kim Kardashian shared it on her Instagram in June 2021.
As of this writing, Kardashian is the seventh most followed person on Instagram. On this social media platform, his audience is similar to the entire population of the United States of America (over 300 million).
The celebrity’s Instagram stories contained captions “Are you a crypto enthusiast????” and “This is not financial advice, but sharing what my friends just told me about the Ethereum Max token!”
Kim Kardashian’s lawyers are trying to dismiss these allegations, claiming that there is no evidence that anyone viewed his story and decided to buy this token.
In addition, her legal team claims that Kardashian has no records received monetary compensation of their posts or ever bought, received or sold tokens yourself.
Boxer Floyd Mayweather is also involved in this lawsuit. Fighter Has Used His Boxing Match With Youtube Personality Logan Paul To Promote EthereumMax Token. Mayweather promoted this brand as one way to buy pay-per-view tickets for this fight.
After the boxing match and Kim Kardashian’s promotional posts, the price of the EthereumMax token has dropped significantly, leaving many token owners empty handed.
For Kim Kardashian, this is her first cryptocurrency lawsuit, while Floyd Mayweather recently got out of another cryptocurrency lawsuit.
In 2017, Mayweather and musician DJ Khalid were sued promotes fraudulent Centra Tech original coin. The judge found them not guilty because investigators did not provide substantial evidence that people bought this coin after seeing the bids.