Kim Kardashian wants that Ethereum Max lawsuit to go away — with her lawyers claiming there is no proof of her involvement in the coins 👀 Um....can somebody go check the blockchain?
Remarks by the head of the U.K.'s Financial Conduct Authority have provided ammo for the plaintiffs in the proposed class action complaint.
Given how the influencer has more than 250 million followers on Instagram, FCA chairman Charles Randell said her post "may have been the financial promotion with the single biggest audience reach in history." At the time, he added: "Of course, I can't say whether this particular token is a scam. But social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation. Some influencers promote coins that turn out simply not to exist at all."
Ethereum Max has fallen by 99.47% since hitting an all-time high of $0.00000092 in May 2021. Crucially, it's not to be confused with Ether, the world's second-largest cryptocurrency. The boxer Floyd Mayweather, as well as the basketball player and pundit Paul Pierce, have also been named in the lawsuit.
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