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The US Securities and Exchange Commission (SEC) has settled with retired NBA player Paul Pierce for $1.4 million over allegations that he promoted a crypto token project on social media without proper disclosure. The SEC accused Pierce of receiving $244,000 worth of EMAX tokens to promote them on Twitter and making false and misleading statements […]
Former NBA player Paul Pierce agreed to pay $1.409 million to the United States Securities and Exchange Commission (SEC) as penalties for his undisclosed promotion of the unregistered securities token EthereumMax (EMAX), according to a February 17 statement.
The post NBA hall of famer Paul Pierce to pay SEC $1.4M for undisclosed promotion of EMAX appeared first on CryptoSlate.
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.
The last cycle saw it all – millions drained from DeFi, celebrities pumping and dumping tokens, ecosystems rising and falling.
Continue reading Crypto Halloween: Top 6 Scariest Incidents of the Last Bull Cycle at DailyCoin.com.
The token has since dumped almost 50% but is still trading higher than before SEC settlement news broke.
Celebrity and influencer Kim Kardashian paid the SEC a $1.26 million fine for not disclosing that her EthereumMax posts were promotional. While the network was not directly involved in this settlement, it saw its token EMAX gain 96% in 24 hours on the news.
Look no further than this short article for all the details on EMAX: what it is, is it worth investing in, and the best places to buy EMAX now.
Top places to buy EMAX nowAs EMAX is such a new asset, it's yet to be listed on major exchanges. You can still purchase EMAX using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy EMAX right now, follow these steps:
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMaskYou'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEXHead to 1Inch, and 'connect' your wallet to it.
4. You can now swap your ETH for EMAXNow that you're connected, you'll be able to swap for 100s of coins including EMAX.
What is EMAX?EMAX is a token on the Ethereum Mainnet. It was created with the vision to close the gap between the well-known foundational coins of crypto and emergence of community-driven tokens.
It is a unique token that provides benefits such as financial rewards and other incentives to owners and holders. It is making plans for practical utility long-term, the essence of a “Culture Token.”
Should I buy EMAX today?Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.
EMAX price predictionAccording to TechNewsLeader, EMAX price will only keep rising. It will reach $0.00000001 in a year, triple that in five years, and $0.00000015 in eight years.
EMAX on social mediaDid #EMAX just killed a zero ?? #Crypto #KimKardashian #EthereumMax #Crypto pic.twitter.com/xeuHSReWiq
— TheRealEmaxArmy ?? (@RealEmaxArmy) October 4, 2022The post EMAX skyrockets as Kim K. pays $1.26m SEC fine: Top places to buy EMAX appeared first on Invezz.
American TV reality superstar, Kim Kardashian has been charged by the United States Securities Commission (SEC) for the promotion of EMAX Token, the native coin of the EthereumMax protocol (Read More)
The SEC argues that the reality TV star failed to disclose the $250K payment she received for EMAX promotion.
Her lawyers filed a motion in a California U.S. District Court to try and have the complaint against her dismissed.
Continue reading Kim Kardashian Attempts to Escape EthereumMax Lawsuit at DailyCoin.com.
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 KardachianKim 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 MayweatherFloyd 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 PiercePaul 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 MillionsAll 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.
A surprisingly large proportion of crypto owners report they would purchase a crypo asset because it is endorsed by a celebrity or influencer.
In the last four months, EthereumMax (EMAX) has lost 97.87% of its value.
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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