Kim Kardashian & Floyd Mayweather Named In Lawsuit Over Alleged Cryptocurrency EthereumMax Scam
A class-action lawsuit was filed on Friday, listing cosmetics mogul Kim Kardashian and other celebrities paid to endorse a cryptocurrency EthereumMax (EMAX) as defendants along with the coin’s creators. The coin EthereumMax is not connected to Ethereum (ETH), which is currently one of the most widely-used cryptocurrencies. The suit claims the coin’s creators undertook a “pump-and-dump” scheme, wherein they inflated the value of their coin via celebrity endorsements, then tanked the stock value by selling their shares, leaving their investors with no returns. The suit listed plaintiffs as anyon...