Jake Paul, Kim Kardashian Lead List of Celebrities Sued for Crypto Ads
- Date: 13-May-2022
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Jake Paul, Kim Kardashian Lead List of Celebrities Sued for Crypto Ads
Kim Kardashian and Jake Paul are among a host of celebrities currently facing legal action over using their sizable platforms to advertise cryptocurrencies.
With Bitcoin and other cryptocurrencies crashing further this week amid a massive sell-off, the celebrity lawsuits—which were filed earlier this year—have re-entered the public conversation.
In January, Kardashian was named in a class-action lawsuit alongside former NBA star Paul Pierce and boxer Floyd Mayweather, who have been accused of using their fame to promote EthereumMax as part of a larger scheme to defraud investors, per the suit.