Kim Kardashian charged over crypto 'pump and dump' case

2 years ago 20
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Kim KardashianImage source, Getty Images

The US Securities and Exchange Commission (SEC) has charged Kim Kardashian for advertising EthereumMax on her Instagram page.

It said she received $250,000 (£223,000) in exchange for advertising the cryptocurrency, without disclosing she was paid to do so.

Ms Kardashian has agreed to pay $1.26m (£1.12m) in penalties.

She has also agreed not to promote any crypto asset securities for three years.

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