Crucial Win: EthereumMax Investors Secure Partial Class-Action Approval
Main Idea
A California judge granted partial class-action approval to EthereumMax investors, targeting celebrities like Kim Kardashian for their alleged roles in promoting the token, highlighting accountability in celebrity-endorsed crypto schemes.
Key Points
1. The partial class-action approval is a significant step for EthereumMax (EMAX) investors, focusing on accountability for its 2021 promotion.
2. High-profile figures such as Kim Kardashian, Floyd Mayweather, and Paul Pierce are named in the lawsuits for allegedly promoting a 'pump and dump' scheme.
3. Kim Kardashian previously settled with the SEC for $1.2 million over undisclosed promotion of EthereumMax.
4. The case underscores the need for investor caution with celebrity-endorsed crypto projects and highlights growing regulatory scrutiny.
5. The ruling may set precedents for future legal actions involving celebrity promotions in the crypto space.
Description
BitcoinWorld Crucial Win: EthereumMax Investors Secure Partial Class-Action Approval The cryptocurrency world often moves at lightning speed, but sometimes, justice takes its time. In a significant development for the crypto community, a California judge has granted partial class-action approval to EthereumMax investors . This decision allows four state-level lawsuits to proceed against the token’s promoters, bringing a renewed focus on accountability in celebrity crypto promotion . What Does Th...
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