The Ethereum Max (EMAX) token, once promoted by Kim Kardashian, fell by 81.86% in 24 hours.
As previously reported, the U.S. Securities and Exchange Commission (SEC) announced it was indicting Kim Kardashian for peddling EthereumMax crypto securities on social media, but did not disclose the details of the promotion fees she received.
Kim Kardashian said she agreed to settle and pay $1.26 million (including $260,000 in advertising fees and a $1 million fine) and would actively cooperate with the SEC’s ongoing investigation.
