• Kim Kardashian’s legal team has filed a motion to dismiss the EthereumMax cryptocurrency case

  • Kim Kardashian’s legal team has moved to dismiss a class-action lawsuit brought against the entrepreneur and other American celebrities.

    In January 2022, Kardashian and a few other notable American social media influencers were served with a class action complaint alleging they misled investors through the social media promotion of a cryptocurrency token called EthereumMax.

    Kardashian promoted the concept on Instagram in June 2021, with boxing legend Floyd Mayweather also included in the case after pushing the Ethereum-based coin in the lead-up to a celebrity boxing match against Youtuber Logan Paul during the same time frame.

    Fans could use the tokens to buy pay-per-view tickets, which increased in value following the marketing of Kardashian and other influencers. Following that, the value of EthereumMax plummeted dramatically, leaving many people out of pocket.

    The original legal filing, which named Kardashian, Mayweather, and eight others, said that company executives conspired with celebrity promoters to make false assertions regarding the token and their control over the majority of tokens. The project’s co-founders were listed as Steve Gentile and Giovanni Perone.

    In court documents, Kardashian’s legal team argued for the dismissal of the class action case, responding to the 10 claims presented against the influencer. Kardashian’s Instagram stories in question were a major point:

    “Crucially, no named plaintiff alleges that they in fact viewed either Instagram post before purchasing tokens during the relevant time period.”

    The petition also contended that the plaintiffs’ claims that influencers were paid in Ethereum (ETH) to promote EMAX were false, citing a lack of evidence that Kardashian was compensated for her Instagram posts.

    Kardashian’s legal team also stated that there was no evidence that Kardashian ever purchased, received, or sold the tokens herself. The defendants have filed an omnibus motion to dismiss the class action claims as a whole.

    While Kardashian attempts to distance herself from her involvement in the EthereumMax saga, this is the latest incident in which Mayweather has been linked in the marketing of a questionable cryptocurrency project.

    The boxer has previously avoided prosecution for endorsing the fake Centra Tech ICO alongside American music artist DJ Khaled in 2017. A judge found that investors failed to prove they purchased tokens as a result of Mayweather and Khaled’s advertising activities, therefore the pair got off the hook.

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