Kim Kardashian and Floyd Mayweather Sued for Promoting Ethereum Max Tokens – Bits Media

One of the investors in the Ethereum Max token, which was promoted by actress Kim Kardashian, boxer Floyd Mayweather and former basketball star Paul Pierce, decided to sue celebrities.

New Yorker Ryan Hugerich (Ryan Huegerich) in the complaint, sent to the central district court California, insists: celebrities entered into an agreement with the founders of the Ethereum Max project, received part of the tokens and attracted investors, to sell your tokens when the price increases.

“Defendants touted the company’s prospects and the possibility of significant profits for investors thanks to EMAX’s “tokenomics.”. But in reality they were advertising tokens, to sell your share of EMAX at a profit", - the plaintiff believes.

The Ethereum Max token rate peaked at $0.000000597636 at the end of May 2021 of the year. However, over the next 11 days the token collapsed 80%. Then, thanks to Kim Kardashian's Instagram post, the rate has increased slightly, however, subsequently fell even more. Currently EMAX tokens are trading at $0.000000017659, fell on 97% compared to peak values.

Hugerich himself bought tokens from 14 yeast 17 june. He calls on all investors in EMAX to join his lawsuit against Kardashian, Mayweather and Pierce.

Mayweather appeared in a T-shirt advertising the project at the Bitcoin conference 2021. Kardashian posted a message on her Instagram promoting the token with the tag #AD. Former NBA star Paul Pierce tweeted about Ethereum Max.

Recall, What at the end 2018 Floyd Mayweather was fined by the US Securities and Exchange Commission for advertising a fraudulent ICO. We are talking about the Centra Tech project. The boxer received a fine of $300 000. Besides, he paid $300 000 illegally obtained profits.