Several celebrities, including Lindsay Lohan, Akon and Jake Paul, were charged with illegally promoting the cryptocurrencies of Chinese entrepreneur Justin Sun, who is accused of fraud.
The US Exchange Commission said on Wednesday that Sun was charged with artificially inflating the trading volume of his cryptocurrencies and hiding payments made out to celebrities to promote them.
A total of eight celebrities allegedly pushed crypto investments to their online followers without revealing they had been paid to promote the tokens.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.