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Kim Kardashian To Pay $1.26M To SEC Over Cryptocurrency Promotion

Written By D.L. Chandler , Senior Editor Posted 19 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first...

How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine

The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX).  The United States Securities and Exchange Commission (SEC) fined Kardashian $1.26 million on Oct. 3, for “touting on social media” about the EMAX without disclosing she was paid $250,000 to post about it. Kardashian has neither admitted to nor denied the SEC’s allegations, but settled the charges and agreed to not promote any cryptocurrency assets until 2025. SEC chairman Gary Gensler tweeted the fine was a reminder that celebrity endorsement of investment opportunities doesn’t “mean those investment products are right for all investors.” Today @SECGov, we charged Kim Kardashian for unlawfully touting a crypto securi...

Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge

American socialite Kim Kardashian will pay $1.26 million in penalties for her involvement in the promotion of a cryptocurrency scheme called EthereumMax (EMAX). The United States Securities and Exchange Commission (SEC) announced the charges against Kardashian on Oct. 3 for “touting on social media a crypto asset security offered and sold by EthereumMax” without disclosing the payment received for her promotional involvement. Kardashian has agreed to settle the charges and pay $1.26 million in penalties, disgorgement and interest and is set to cooperate with further investigations by the SEC into the EthereumMax project. The announcement noted that Kardashian failed to disclose a $250,000 payment she had received to publish a post on her Instagram profile promoting EMAX to...

Kim Kardashian Charged By SEC for Unlawfully Promoting Crypto Currency

Kim Kardashian has been charged by the Securities and Exchange Commission for unlawful promotion of a crypto currency and agreed to pay a $1.26 million fine. According to the SEC, Kardashian used her social media to tout EMAX tokens, a crypto currency sold by EthereumMax, without disclosing the payment she received for the promotion. “This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” said SEC Chair Gary Gensler in a statement. Advertisement Related Video Kardashian neither admitted to nor denied the SEC’s findings, but “wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows he...

Kanye West Understands How the UK Is Feeling: “I Lost My Queen, Too”

Watching Kanye West try to empathize can feel like watching a giraffe limbo, but Ye gave it a shot following the death of Queen Elizabeth II. “London, I know how you feel,” he posted on his Instagram Stories. “I lost my queen, too.” West seems to be referencing his messy 2021 divorce from Kim Kardashian, who went on to have a royal rebound with Pete Davidson. Though since he offered no clarification, it’s also possible he’s mourning the loss 15 years ago of his mother Donda West. Either way, the situations aren’t exactly comparable. Elizabeth II reigned in England for over 70 years and forged the monarchy’s post-colonial path with her emphasis on the Commonwealth of Nations. Whatever he meant, the Queen’s death has had a profound effect on West, at least according to West. H...

Ray J & Kim Kardashian Sex Tape Gained $1.4M In Sales In 6 Weeks

HipHopWired Featured Video Source: Patrick McMullan / Getty Ray J got the news cycle spinning with a relentless Instagram Live session that he recently engaged in, using the moment to hit back at the Kardashian family over the infamous sex tape. According to some older documentation, it appears that Ray J and Kim Kardashian made the pornography company that put out their joint sex tape a pretty penny in just six weeks. TMZ reports that Vivid, the company that put out the infamous sex tape which seemingly sparked the career of Kim Kardashian, boasted of a flurry of sales in the opening weeks of the tape’s much-ballyhooed release From TMZ: We’ve obtained an email from Vivid Entertainment honcho Steve Hirsch dated May 1, 2007, in which he informs Kim the tape made $1,424,636.63 in revenue, in...

Ray J Drags Kris Jenner & Kim Kardashian After Polygraph Results Refute Sex Tape Release Claims

HipHopWired Featured Video Source: Patrick McMullan / Getty Ray J is speaking out to finally clear his name regarding who actually released the now infamous sex tape between him and Kim Kardashian. On Saturday (Sept 10), the Raycon mogul called out Kris Jenner and Kim K after Jenner participated in a polygraph test during an interview on Late Night with James Corden allegedly refuting Ray J’s claim that she assisted in the release of the tape. Related Stories During the test, Kris sat next to Kylie as James Corden asked, “Did you help Kim release her sex tape?” –to which Jenner answered with a firm “No” to the question, before the examiner, John Grogan, said it was “true.” [embedded content] Catching wind of the news, Ray J took to social media to call out the Kardashian matriarch for not ...

Kanye West Declares He’s “Releasing All Grudges” Following Queen Elizabeth II’s Death

HipHopWired Featured Video Source: Leon Bennett / Getty Billionaire rapper/producer Kanye West, 45, has declared that he is turning his life around after news of the death of Queen Elizabeth II broke. “Life is precious. Releasing all grudges today. Leaning into the light,” West wrote in an Instagram post where he also shared two photos of the deceased monarch.  [Note: He has since deleted the IG post, but this is the Internet.] Related Stories The rapper has also deleted many posts that he had been criticized for in recent days including criticism of his ex-wife Kim Kardashian and her family.  Kanye shares North, nine, Chicago, four, Saint, six, and Psalm, three, with the Kardashians star. He was in conflict with his wife and her family related to where the children would attend ...

Ray J Supports Kanye West Calling Kris Jenner A “Mastermind”

HipHopWired Featured Video Source: Patrick McMullan / Getty Billionaire rapper/producer/fashion designer, Kanye West returned to social media this week with lengthy diatribes and screenshots on Instagram. The messages appear to be between him and members of his ex-wife’s family, including possibly his ex-wife—Kim Kardashian.  Ray J, reality show and former explicit sex tape star, joined in to echo West’s claims that Kris Jenner—the Kardashian Klan matriarch—is the one pulling the strings in every area of her daughters’ lives and careers.  Related Stories In regards to the sex tape he made with his then-girlfriend Kim, the “One Wish” crooner chimed in on the stress that West allegedly imposes on his former mother-in-law. “What about my mom Kris? You tell people false stories about...

Celebrities, Influencers & The Crypto Scams They Promote

Non-fungible tokens, more commonly known as NFTs, and cryptocurrency are still making waves for all the wrong reasons – scams, cons, and phishes are giving these digitally-driven technologies a bad reputation. As Anna Collard, SVP Content Strategy and Evangelist at cybersecurity awareness firm KnowBe4 Africa, explains, this is largely due to the fact that the line between legit and scam is becoming very blurred and very hard for most people to see. “Digital assets like NFTs are being used to drive engagement in the virtual space,” says Collard. “They are also used to handle brand collaboration, reward consumers, and build brand loyalty and customer connections. However, they’re not necessarily working as well as they should, and already there are court cases with celebrities and influencer...

Kim Kardashian’s Beats Fit Pro Headphones: Where to Buy the Sold-Out Earbuds

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. It didn’t take long for Kim Kardashian’s Beats Fit Pro Headphones to sell out at Apple.com. The neutral-colored, true wireless, noise-canceling earbuds flew off the shelves after being released online last Tuesday (Aug. 16) and in Apple stores the next day. Explore Explore See latest videos, charts and news See latest videos, charts and news Available in dune, earth and moon, the earthy headphones offer active noise cancellation with three listening modes (Active Noise Cancelling, and Transparency Mode, and Adaptive EQ) and wingtips to help them stay snuggly...

Kid Cudi on Kanye West: ‘It’s Gonna Take A Motherf–king Miracle’ to Recover Friendship

Kid Cudi signaled the end of his tumultuous, 13-year friendship with Kanye West in a recent Esquire interview, saying “It’s gonna take a motherfucking miracle for me and that man to be friends again” in reference to the escalating beef between the two rappers over the past year. In February, West wrote on Instagram that he would not feature Cudi, a frequent collaborator, on his music “because he’s friends with you know who.” The since-deleted post was a reference to Pete Davidson, Cudi’s friend and Kim Kardashian’s first boyfriend since filing for divorce from Kanye West in 2021. Cudi broke his silence on the ordeal in the interview. “Do you know how it feels to wake up one day, look at your social media, and you’re trending because somebody’s talking some shit about you?” he said. “You fu...