• Kim Kardashian wants out of lawsuit for promoting EthereumMax


    Brian Livingston

    By Brian Livingston

    Attorneys for Kim Kardashian, the famous reality-TV star, have filed a motion to dismiss a lawsuit that alleges investors lost millions of dollars after the celebrity promoted a new cryptocurrency named EthereumMax to more than 200 million followers on Instagram.

    EthereumMax is a digital product that went live in trading markets on May 17, 2021, under the symbol EMAX. Its promoters can’t be accused of thinking small: they issued an initial quantity of 2 quadrillion coins. (That’s 2 followed by 15 zeros or 2 million billion tokens.)

    Read the full story in our Plus Newsletter (19.33.0, 2022-08-15).