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CATEGORY: floyd mayweather


Feb 23, 2023 07:50

Mayweather and Kim Kardashian Pull No Punches in Second EMAX Lawsuit

Kardashian and Mayweather claim the new lawsuit holds the same theory that was dismissed initially.

Continue reading at DailyCoin.

Celebs who got burned endorsing crypto and those that got away with it

Author: Cointelegraph By Ciaran Lyons
United States
Jan 05, 2023 12:00

Celebs who got burned endorsing crypto and those that got away with it

Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.

Dec 08, 2022 07:50

Kim Kardashian’s Crypto Scam Lawsuit Dismissed by Federal Judge

The EMAX case gets thrown out, even though Kardashian previously agreed to pay up over $1 million in fines.

Continue reading Kim Kardashian’s Crypto Scam Lawsuit Dismissed by Federal Judge at DailyCoin.com.

Kim Kardashian Relieved as Judge Dismisses Crypto Scam Lawsuit

Author: Vignesh Karunanidhi
Estonia
Dec 08, 2022 10:50

Kim Kardashian Relieved as Judge Dismisses Crypto Scam Lawsuit

An investor-led class action lawsuit against EthereumMax’s creators and celebrity backers Kim Kardashian and Floyd Mayweather Jr. over their social media promotion of the cryptocurrency was dismissed by a federal judge on Wednesday. Investors who purchased EMAX tokens claimed they had lost money after believing the celebrity influencers about the value of cryptocurrencies. According to the […]

Taking down crypto influencers is one step that would help to heal the market

Author: Cointelegraph By Anastasia Kor
United States
Nov 28, 2022 12:00

Taking down crypto influencers is one step that would help to heal the market

The EU moved in the right direction by passing a law requiring influencers to disclose the risks associated with crypto. More countries should follow their lead.

Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs

Author: Cointelegraph By Stephen Katte
United States
Aug 16, 2022 08:20

Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs

Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area "rife with deception."

Floyd Mayweather Enters the Ring With His NFT Project – Ready for Another Ko?

Author: Vignesh Karunanidhi
Estonia
Mar 25, 2022 07:15

Floyd Mayweather Enters the Ring With His NFT Project – Ready for Another Ko?

Floyd Mayweather’s NFT and crypto track record appear to be the polar opposite of his boxing career. Floyd’s performance in the crypto market may be familiar to those who follow the crypto space and the celebrity endorsements and intervention in the industry. If his prior results in crypto and similar areas are any indication, the […]

Nifty News: Mayweather returns to crypto ring after legal KO... Reef gets NFTs

Author: Cointelegraph By Brian Newar
United States
Mar 24, 2022 08:20

Nifty News: Mayweather returns to crypto ring after legal KO... Reef gets NFTs

Floyd Mayweather’s latest bout with the crypto space will see him enter the Metaverse with a new NFT collection.

Jan 21, 2022 02:25

Celebrities got SUED because of EthereumMax Pump and Dump…But Why?

If you are in the United States of America, then you must abide by the laws. The US is strict when it comes to enforcing the laws. If you spread misinformation that causes people to lose money, you can get sued. This is exactly what Kim Kardashian, Paul Pierce, and Floyd Mayweather did. What's even funny is that all three were involved in a pump-and-dump crypto scheme. But which cryptocurrency did they try to pump? Well, it's non-other than the EthereumMax pump. In this article, we're going to talk about what EthereumMax stands for, and how did those celebrities get involved.

What is EthereumMax Crypto?

It is clear that the EthereumMax project started by taking the name of an already existing and successful blockchain: Ethereum. This alone should've been a red flag for crypto investors. On another note, when going to their official website, the most apparent thing is how to "buy" their token. They even go the extra mile to list the steps users need to take in order to buy the token.

Aside from all this sketchiness, EthereumMax claims to be a "community-driven" crypto project that "provides lifestyle perks with financial rewards and incentives to its holders with a pathway for practical long-term use in everyday life." If you didn't quite understand what that means, don't worry because neither did we. When a project does not clearly outline the goals and vision, run away.

EthereumMax Pump - What Exactly Happened?

A class-action lawsuit is accusing EthereumMax and its celebrity promoters of working together to artificially inflate the price of the EMAX token. They basically made "false and misleading statements" on social media, as mentioned in the lawsuit.

Kim Kardachian

Kim Kardashian has over 281 million followers on Instagram alone. Sending a hyped message to this many people about a crypto project from someone who does not understand tech properly sounds sketchy indeed. In the below screenshot, we can see a story posted by Kim that instigated that EMAX was going to "BOOM". Analysts say that Kim was paid between USD 500,000 and USD 1,000,000 on each sponsored post to boost EMAX.

Floyd Mayweather

Floyd backed the EMAX token during his boxing match against the Youtuber Logan Paul. Tickets to the event could be purchased with the EMAX token. Since many people were expected to attend the fight, the lawsuit claims that this move boosted the trading volumes significantly.

The real crypto community knows how to differentiate between real crypto projects and bad ones. When Floyd attended a Crypto conference during that same period of time, he tried to promote EMAX. Luckily, he was booed off the stage.

https://www.youtube.com/watch?v=mBfNEp599K4

Paul Pierce

Paul is a former NBA basketball player who was also caught in the heat of boosting EMAX's social presence. Right after he was fired from ESPN for sharing controversial Instagram videos, he went to Twitter to make things worse.

EMAX Collapsed and People Lost Millions

All the three above celebrities happened to boost the EthereumMax project during the same period, which was towards the end of May and the beginning of June 2021. The price of the EMAX token skyrocketed x16 times within 3 days. On the other hand, the dump was very quick and harsh. Many people lost a lot of money, the fact that made the authorities raise red flags about this event, and in turn, file lawsuits against those celebrities who participated in this pump-and-dump scheme.

EMAX lost more than 98% of its value, leaving investors to dust. That's why it is always advisable to understand the real use-case or service of the crypto project you're investing in. Simply saying "we are awesome and you'll get rewards" is not enough, nor "you'll make big bucks soon". Today, there are many real crypto projects that are serving the crypto community and helping in bringing decentralization forward.

If you want to buy real crypto tokens, consider crypto exchanges like Binance ,  Coinbase ,  Kraken ,  and  Bitfinex .

EthereumMax© Cryptoticker

The post Celebrities got SUED because of EthereumMax Pump and Dump…But Why? appeared first on CryptoTicker.

Jan 13, 2022 11:35

Kim Kardashian Sued for Shilling Sh*tcoin EthereumMax

Kardashian and Floyd Mayweather are alleged to have added in a "pump and dump" schemed for developers of the EMAX token.

Continue reading Kim Kardashian Sued for Shilling Sh*tcoin EthereumMax at DailyCoin.com.

Jan 12, 2022 10:40

Instagram Influencers Sued by Investors for Falsely Promoting Crypto Tokens


Instagram influencers Kim Kardashian and American boxer Floyd Mayweather have been sued by investors accusing celebrities of falsely promoting crypto tokens to mislead investors. (Read More)

Nov 04, 2021 07:55

Floyd Mayweather Gets His Name Tokenized in Diamond

Mayweather tweeted that his followers can "can invest in $floydmayweather", his own token, for the first time.

Continue reading Floyd Mayweather Gets His Name Tokenized in Diamond at DailyCoin.com.

Almost half of crypto owners turn to celebs like Kim Kardashian for advice: Survey

Author: Cointelegraph By Samuel Haig
United States
Sep 23, 2021 08:30

Almost half of crypto owners turn to celebs like Kim Kardashian for advice: Survey

A surprisingly large proportion of crypto owners report they would purchase a crypo asset because it is endorsed by a celebrity or influencer.

EMAX class action against Kim K and Mayweather is back on, says judge

Author: Cointelegraph By Martin Young
United States
Jun 08, 2023 08:20

EMAX class action against Kim K and Mayweather is back on, says judge

While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities.

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