Kardashian is said to have advertised the cryptocurrency on social media, but did not indicate that she was paid for it. According to the SEC, the case is a “reminder that if celebrities or influencers tout investment opportunities such as cryptocurrencies, it does not mean that these are the best products for all investors.”
The amount that the reality star has to pay is made up of the $ 260,000 she received for the advertising, plus a million dollar fine. In addition, Kardashian helps research celebrity-promoted cryptocurrencies.