Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators.
, asking her millions of followers: “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”
The post included a link to EthereumMax’s website, which had instructions for potential investors to purchase EMAX tokens, the SEC statement said.Kardashian agreed to pay $1.26 million in penalties, which includes her promotional payment, and to cooperate with the commission's investigation “without admitting or denying the SEC’s findings,” the statement said.
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