As one of the celebrities who hyped the cryptocurrency Ethereum Max, Kim Kardashian was fined $1.3 million last month by the Feds. But the token’s famous promoters were merely the outward manifestation of more widespread disease.
and declared during a panel, “I believe there’s gonna be another cryptocurrency just as large as Bitcoin someday.” Emax also became thecrypto payment option for Mayweather’s pay-per-view fight against YouTube star Logan Paul on June 6, 2021, a fact that Emax advertised on a billboard in Times Square.
By Olin’s estimation, dozens of wallets connected to Davis’ public wallet had sold “tens of millions of dollars” of Emax between May 2021 and August 2021. The Emax lawsuit tells a similar story, alleging Davis started cashing out his “massive” Emax holdings shortly after his promotional activities began. The complaint lists 46 wallet addresses that are “believed to be owned/controlled by Davis” and “used to conceal his transactions.
Jay Falcone, a resident of Seymour, Connecticut, which is just 11 miles down the road from Milford, who is familiar with Emax’s origins and is a friend of Giovanni Perone, says that Davis bought his Emax stake “very, very early–like on day one–and for very little cost, and rather than coming on to the project to help, instead sold off the entire way.” Falcone, who is not a party to the lawsuit but lost “40 to 50 grand” on Emax, blames Davis for the token’s trajectory.
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