Kim Kardashian and Floyd Mayweather Face an Investors Lawsuit Over EthereumMax Tokens

Kim Kardashian and Floyd Mayweather Jr. were sued for allegedly scamming investors in a cryptocurrency called EthereumMax.

The reality television star and ex-boxing champion were paid to hype the blockchain-based digital tokens to their fans, “causing investors to purchase these losing investments at inflated prices,” according to the complaint filed in Los Angeles federal court. Former Boston Celtic Paul Pierce was also named as a defendant in the suit.

Kardashian was called out in September by a U.K. financial regulator for luring her 250 million Instagram followers into the “cryptobubble with delusions of quick riches.”

Read the source article at Yahoo Finance