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World News

Kim Kardashian To Pay Over $1M To Settle With SEC Over Crypto Charges

View Source | October 4, 2022 5:00 am

  • Kim Kardashian will pay $1.26 million to settle charges that she unlawfully touted a crypto asset security on social media without disclosing the payment she received for the promotion.
  • The SEC said that Kardashian failed to disclose that she was paid $250,000 to post on her Instagram account about EMAX tokens, a crypto asset offered by EtherumMax.
  • Kardashian neither admitted nor denied the agency’s findings.
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