Back at the beginning of the year, some notable celebrities had been named in a lawsuit over the alleged Ethereum Max (EMAX) scam. These celebrities included reality star Kim Kardashian, boxing legend Floyd Mayweather, as well as former professional athletes Paul Pierce and Antonio Brown. The class action lawsuit had accused the celebrities of pumping the price of the token, which had then inevitably fallen by 97%, causing investors to lose money.
On Monday, it was announced that reality star Kim Kardashian had chosen to settle the lawsuit with the Securities and Exchanges Commission (SEC) for a reported $1.2 millio
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