publish
Kim Kardashian fined US$1.26 million for not telling fans she received money to promote EMAX
visibility insert_comment event October 9, 2022 timer 11:45


R$


Kim Kardashian received a fine from the United States government in the amount of US$1.26 million for failing to tell her fans that she had received US$250,000 to promote tokens for a cryptocurrency called EMAX, created by the EthereumMax platform.

Kim Kardashian fined US$1.26 million for not telling fans she received money to promote EMAX (Photo: Bauer-Griffin/Getty Images)

Kim Kardashian told her fans that she discovered “a few minutes ago that EthereumMax had burned 400 trillion tokens, literally 50% of its administrative wallet”, basically she said that EthereumMax had created a lot of new reserves.

After the disclosure and purchase of the token by Kim Kardashian’s followers, the value of the EMAX cryptocurrency plummeted.

Kim Kardashian fined US$1.26 million for not telling fans she received money to promote EMAX (Photo: Bauer-Griffin/Getty Images)

Kim Kardashian agreed to pay the fine for the infraction, which from the point of view of US securities law, Kim Kardashian’s infraction was the failure to reveal to her 225 million Instagram followers that she was being paid to promote EMax.

On the same day that the government agency reprimanded Kim Kardashian, the US Treasury Department released a detailed report on the risks that cryptocurrencies pose to financial markets.



Receive news and other content from Fllics on X and stay up to date with everything! Just follow the Fllics profile on X.

close
add

Tags: Abs Alejandro Triana Trevez anitta beach Bianca Andrade brazil brazilian Brazilian Day Bruno Mars Cuban deaths Denzel Washington Developer Diddy Die With A Smile Dstv Election Emmanuel TV Fire Gol Gotv Graduation Gym Integration isro Joseph Boakai Lady Gaga Liberia lidiane lidiane machado Mansion Market Marlene Soares Meta NEON EVM New York Notable Brazilian Awards Oprey osprey crash photo photo shoot pragyan President of Liberia Process Rains Rains in Brazil Release seguro Shaheen-X shiv shakti shiv shakti point Shoes shoot Teacher The Equalizer The Equalizer 3 Times Square Tiwi Islands United States Us marines War Yasmin Brunet Zaawaadi biography Zaawaadi career Zaawaadi kenya