Kim Kardashian’s lawyers seek dismissal of EthereumMax advertising lawsuit

Kim Kardashian’s lawyers filed a joint motion to dismiss a class-action suit against the celebrity for promoting the EthereumMax altcoin (EMAX). According to Cointelegraph, the report notes.

The defense insists there is no evidence that Kardashian’s Instagram Stories specifically prompted investors to invest in the token.

“None of the named plaintiffs asserts that they actually viewed any Instagram post before buying the tokens,” the motion states.

According to the lawyers, the plaintiffs did not provide evidence that the celebrities received Ethereum payments for promoting EMAX on their social media accounts.

EthereumMax became widely known in late spring 2021. On May 26, a promotional post on Twitter by former NBA star Paul Pierce — within days the price of EMAX reached a peak, after which it fell more than 80% in 11 days.

In mid-June, EMAX rose again — coinciding with Kim Kardashian’s Instagram Stories. After that, the coin headed downward and has fallen by more than 97% from its peak.

In January 2022, a suit was filed in the Central District of California against Kardashian, boxer Floyd Mayweather, and eight others. Investors accused them of conspiring with project leaders Steve Gentile and Giovanni Perone to mislead about control over the majority of tokens.

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