Kim Kardashian was singled out for promoting a crypto-currency to her 251million social media followers. The reality TV star posted an advert for Ethereum Max – a digital ‘token’ similar to Bitcoin – on Instagram on Sunday. Celebrities are betraying their fans by touting high-risk online investments, watchdogs said yesterday. Speaking of Ethereum Max at the Cambridge International Symposium on Economic Crime, Mr Randell said: ‘I can’t say whether this particular token is a scam. Newer tokens such as Ethereum Max are deemed even riskier since they do not have a ‘white paper’ guide which informs users about how they operate.

Source: The Nation September 06, 2021 21:22 UTC