Kim Kardashian Makes a $1.26 Million Payment to EthereumMax for Promoting EMAX Tokens on Instagram
Kim Kardashian Makes a $1.26 Million Payment to EthereumMax for Promoting EMAX Tokens on Instagram Kim Kardashian agrees to pay $1.26 million to settle charges of improperly promoting cryptocurrency A settlement agreement reached by Kim Kardashian and the Securities and Exchange Commission (SEC) on Wednesday resolved charges that she inappropriately promoted cryptocurrency through Instagram. The charges stemmed from a post she made about EthereumMax in which she didn't disclose that she received $250,000 for promoting the cryptocurrency. The post contained a link to an EMAX website and instructions for potential investors. The SEC has settled charges that American socialite Kim Kardashian improperly promoted EthereumMax, a cryptocurrency security. Kardashian failed to disclose the payment to promote the cryptocurrency, which sparked a public controversy. As a result, the socialite agreed to pay $1.26 million to settle the charges, but she hasn't admitted any wrongdoing. The d