Reality TV star Kim Kardashian and boxing champion Floyd Mayweather Jr. is one of the celebrities accused of promoting a “pump and dump” cryptocurrency scheme that investors claim to have lost money.
according to Class action Ethereum Max executives filed in California court will work with Kardashian, Mayweather Jr. and basketball player Paul Pierce to enrich themselves by making “false misleading” statements to investors. It was made.
The company’s promotion included an Instagram post to Cardassian’s 250 million followers, and Charles Randell, head of the Financial Conduct Authority in the United Kingdom, said that the “largest viewing of financial products in history.” It states that it may have had a “person reach”.
The proceedings claim that the value of the company’s EMAX tokens increased by 1,370% after the media marketing pandemic, before reaching a record low.
By using celebrity nominations, EthereumMax executives said, “The favorable’tokenomics’ of EMAX tokens advertised the company’s outlook and the ability of investors to make significant profits.”
Instead, the proceedings are interested in inflating the value of their own tokens in order to sell them to the benefit of investors who end up holding artificially overvalued assets. Claims to have been.
In a statement made through the company’s Twitter account, Ethereum Max dismissed the allegations.
“The deceptive story associated with recent claims is full of false information about the Ethereum Max project,” he said. “We challenge the claim and look forward to revealing the truth.”
Ethereum Max previously told the BBC that Kim Kardashian’s Instagram post was “just intended to raise awareness of the project and its usefulness.”
Mayweather Jr. was allegedly promoting Ethereum Max at a cryptocurrency conference, and Paul Pierce, called Truth, posted on Twitter that the company made money for him.
The Guardian is seeking comments from Kim Kardashian, Floyd Mayweather Jr. and Paul Pierce.
Investors sue Kim Kardashian and Floyd Mayweather Jr. over cryptocurrency schemes | Cryptocurrency
Source link Investors sue Kim Kardashian and Floyd Mayweather Jr. over cryptocurrency schemes | Cryptocurrency
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