Kim Kardashian’s legal team files motion to dismiss EthereumMax crypto lawsuit
Kim Kardashian’s legal team has filed a motion to dismiss a class action lawsuit targeting the businessman and other American celebrities.
Kardashian and a handful of other prominent American social media influencers were served with a class-action lawsuit in January 2022 over claims they misled investors through social media promotion of a cryptocurrency called Ethereummax (EMAX). they did
Kardashian posted Instagram stories promoting the project in June 2021, while the likes of boxing great Floyd Mayweather also followed suit after promoting an Ethereum-based token in the famous Boxing vs. YouTuber Logan Powell’s build during the same period. The petition was accepted. Wad
Fans can buy paid tickets with Token, which increased after Kardashian and other influencers promoted it. The amount of Ethereummax dropped significantly after that, leaving many out of pocket.
The original court filing, which cited Kardashian, Maywater and eight others, alleged that company executives conspired with celebrity promoters to make misleading statements about the mark and their control over most of the marks. Steve Gentile and Giovanni Perron were listed as the founders of the project.
Related: Year of Sponsorship: Celebrities Who Embraced Crypto in 2021
Kardashian’s legal team argued to dismiss the class-action lawsuit in court documents reviewed by Cointelegraph, listing 10 claims made against the influencer. The important point of Kardashian’s Instagram was this:
“Importantly, no named plaintiffs claim that they actually viewed the Instagram post prior to purchasing the tokens during the relevant time period.”
The filing also argues that the plaintiffs’ claims that the influencer was paid in Ether (ETH) to promote Emax were baseless given the lack of evidence that Kardashian received financial compensation for her Instagram posts.
Kardashian’s legal team also emphasized that no evidence has been presented that the signs themselves were bought, received, received or sold. The defendants have simultaneously raised the general verdict to reject the general claims in Tabakaki.
As Kardashian moves to distance herself from her involvement in the Ethereummax debacle, this is the latest example of Mayowater participating in a shady crypto project.
The boxer previously escaped prosecution after promoting the Centra Tech scam ICO in 2017 alongside American music producer DJ Khaled. The pair ruled after a judge ruled that investors were unable to purchase tokens due to Mayowater and Khaled’s promotional efforts.