Kim Kardashian fined by SEC
Finally, the SEC's doing something useful to protect regular people from crypto scams.
SEC fines Kim Kardashian, warns people about buying crypto touted by celebrities
Kim Kardashian will pay a $1.26 million penalty for touting a crypto security without disclosing that she was paid $250,000 to promote the token, the Securities and Exchange Commission announced today. Kardashian agreed to the payment to settle the charges and "agreed to not promote any crypto asset securities for three years," the SEC said.
Kardashian's $1.26 million payment includes a $1 million penalty and "approximately $260,000 in disgorgement, which represents her promotional payment, plus prejudgment interest." Kardashian agreed to the payment "without admitting or denying the findings." The disgorgement and prejudgment interest "will be distributed to harmed investors, if feasible," the SEC order said.
Source: Ars
What even is Ethereum Max? The crypto space has so many of these tokens and half of them are probably rug pulls. If you're gonna play around with this stuff, at least know what you're getting into.