A US judge has thrown out a lawsuit accusing Kim Kardashian of allegedly misleading fans over the purchase of cryptocurrency.
Kim KardashianBoth Kim and Floyd Mayweather’s cases have been dismissed after they were said to have used their global fan bases toto ‘dupe’ potential investors and increase the value of the currency.
Documents obtained in January revealed the value of the EMAX tokens, created by the company EthereumMax, shot up in 2021 allegedly thanks to promotion by the influencers. However, US District Judge Michael Fitzgerald said the law expected investors to ‘act reasonably before basing their bets on the zeitgeist of the moment’.‘This action demonstrates that just about anyone with the technical skills and/or connections can mint a new currency and create their own digital market overnight,’ the ruling read.
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