Your favorite celebrities are, one by one, answering to the call of crypto, but that doesn’t mean you should always listen, or that they aren’t going to get in trouble. In a lawsuit filed last week, a host of big name stars, including Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce, have been sued over their promotion of a cryptocurrency known as EthereumMax.
The suit alleges that a number of celebrities used their large online followings to promote “false or misleading information” while advertising what was “a speculative digital token created by a mysterious group of cryptocurrency developers.” In his highly publicized fight with Logan Paul, Mayweather wore a pair of boxing trunks sponsored by EthereumMax.org; Pierce boosted the coin on Twitter, claiming he made more money off of it than he did with ESPN amid a dispute with the sports network; and Kardashian posted on Instagram telling her followers to join the “Ethereum Max community.”
