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and paid a fine because her cryptocurrency influencing was not exactly legal. The and paid the Security and Exchange Commission (SEC) a fine of $1.26 million to settle a dispute over an ad for cryptocurrency EthereumMax she posted on Instagram.  reports that the SEC charged with “failure to disclose that she was paid $250,000 to publish her Instagram post.” According to the SEC, Kardashian “violated the anti-touting provision of the federal securities laws.” Kardashian posted the ad for EthereumMax on Instagram Stories in June of 2021.

Mean Girls actress Lindsay Lohan has been charged with failing to disclose that she was being paid to promote cryptocurrency tokens on social media. According to the US Securities and Exchange Commission (SEC), which published a press release on the matter this week, Lohan wasn't the only celebrity involved, as YouTuber turned boxer Jake Paul, musicians Soulja Boy, Ne-Yo, Akon, Lil Yachty and Austin Mahone, as well as adult entertainer Michelle Mason, were also allegedly participating in this illegal scheme.

Whoa! As the houses of cards making up most (or all?) of the crypto currency market crumble before our eyes, they’re taking plenty of celebs with them!

Lindsay Lohan and seven other celebs were charged as part of an alleged “crypto scam.”

Lindsay Lohan, Jake Paul, musicians Lil Yachty, Ne-Yo, Soulja Boy, Akon and Austin Mahone and adult film star Kendra Lust were s charged Wednesday for illegally promoting the securities of crypto companies at the center of an SEC investigation.

Cynthia Littleton Business Editor Lindsay Lohan, Jake Paul, Ne-Yo and rapper Lil Yachty are among the eight notable names who have been hit with Securities and Exchange Commission charges for violating securities laws in touting crypto currencies. The SEC on Wednesday disclosed that charges were filed against eight celebrities in connection with the broader investigation of crypto entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., which marketed crypto asset securities under the brand names Tronix (TRX) and BitTorrent (BTT). The eight boldface names were charged with “illegally touting TRX and/or BTT without disclosing that they were compensated for doing so and the amount of their compensation,” according to the SEC.

Kim Kardashian found herself in hot waters after the top U.S. financial regulator, the Securities and Exchange Commission (S.E.C), charged her for attempting to sell cryptocurrency on her Instagram account without disclosing that she was paid for the promotion.According to the independent agency of the United States federal government, the reality tv personality and businesswoman agreed to pay a fine of $1 million, even though she kept a neutral position regarding the S.E.C.‘s findings.

Kim Kardashian will pay a $1.26m (£1.12m) fine after advertising the cryptocurrency EthereumMax on Instagram. Kim, 41, received $250,000 for advertising the cryptocurrency, but did not disclose that she had been paid to tout the crypto asset, it has been revealed.

They’re some of the most lucrative celebrities on Instagram, but a Kardashian recently got into hot water for not playing by the rules. Kim Kardashian was charged for illegally promoting cryptocurrency on her Instagram account and paid a hefty penalty.

Paying the price. Kim Kardashian agreed to give more than $1 million to the U.S. Securities and Exchange Commission amid an ongoing investigation regarding her promotion of cryptocurrency brand EthereumMax.

Kim Kardashian will pay $1.26 million and has agreed not to promote any crypto securities for three years to settle charges with the SEC that she didn’t disclose payments for touting assets that were offered and sold by EthereumMX.

Todd Spangler NY Digital Editor Kim Kardashian agreed to pay $1.26 million to settle charges by the Securities and Exchange Commission that she touted a crypto asset security without disclosing the payment she received for the promotion, the agency said. Under the settlement, without “admitting or denying the SEC’s findings,” Kardashian also agreed to not promote any crypto asset securities for three years, per the agency. According to the SEC’s order, Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian’s post linked to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.