EMAX class action against Kim K and Mayweather is back on, says judge
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Celebrity defendants Kim Kardashian and Floyd Mayweather are back on the hook for a class action lawsuit that alleges their improper promotion of the now-defunct crypto token EthereumMax (EMAX).
While the class-action suit was brought against the pair in January 2022 for allegedly promoting a “pump and dump” scheme, it was
In October 2022, the Securities and Exchange Commission charged Kardashian for unlawfully touting a crypto security. She agreed to pay $1.26 million in penalties for her involvement in the EMAX promotion.
The class action sought damages for investors that bought the token following the celebrity shills though actual amounts were not specified.
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