Kim Kardashian legal team files motion to dismiss EthereumMax crypto lawsuit
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Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities.
Kardashian and a handful of other prominent American social media influencers were served with a class action complaint in January 2022 over claims they had misled investors through the social media promotion of a cryptocurrency token called EthereumMax.
Kardashian had posted Instagram story posts promoting the project in June 2021, with the likes of boxing great Floyd Mayweather also embroiled in the lawsuit after promoting the Ethereum-based token in the build-up to a celebrity boxing bout against Youtuber Logan Paul during the same period.
Fans could purchase pay-per-view tickets with the tokens, which surged after the promotion of Kardashian and other influencers. The value of EthereumMax dropped significantly afterwards, leaving many out of pocket.
The original court filing that listed Kardashian, Mayweather and eight others claimed that company executives had collaborated with celebrity promoters to make misleading statements about the token and their control of the majority of tokens. Steve Gentile and Giovanni Perone were listed as co-founders of the project.
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