Kim Ks legal team has requested that the court throw out the cryptocurrency case. - mlmlegit

Kim K’s legal team has requested that the court throw out the cryptocurrency case.

Kim Kardashian’s legal team has filed a motion to dismiss a class-action lawsuit that names the reality star and every other celebrity in the United States as defendants. In January of this year, a class-action lawsuit was filed against Kardashian and other prominent social media influencers over claims that their promotion of EthereumMax (a cryptocurrency token) misled investors.

Kourtney Kardashian posted a story to Instagram in June of 2021 to promote the project. A number of other high-profile individuals, including Floyd Mayweather (a professional boxer), became embroiled in the litigation after advocating for the Ethereum-based coin. As a result of the promotion by the influencers, in which Kardashian participated, fans were able to purchase pay-per-view tickets in addition to the tokens, indicating significant progress.

After that, EthereumMax’s value plummeted, leaving many people without their investments. In the original court filing, Mayweather, Kardashian, and eight others were named as defendants. They were accused of conspiring with the company’s executives to spread false information about the token and the ownership of a large number of tokens. For this endeavor, Steve Gentile and Giovanni Perone were labeled as co-creators.

The Kardashian legal team has tried to have the class action lawsuit dismissed by rebutting the 10 claims made against the influencer. Among these was Kardashian’s Instagram stories, which we already discussed. None of the token purchasers have claimed in the petition that they saw the Instagram post before purchasing tokens, as stated in the legal document filed by the team.

It was also argued that there was an absence of evidence that compensation had been made to Kardashian for the Instagram posts she shared, making the claims of plaintiffs that payment had been made to the influencers in Ethereum (ETH) for the promotion of the token without merit.

The legal team also emphasized the lack of evidence showing that Kardashian ever sold, received, or purchased the tokens. The defendants have filed a comprehensive motion to dismiss the class action claims.

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