Back to all newsLaw360 highlights CW's representation in crypto promotion class action
May 2025
In recent years, celebrity and influencer endorsements of cryptocurrency space have been repeatedly flagged—by both the SEC and DOJ, as well as in civil litigation—for alleged misrepresentations and omissions. CW is representing an individual who was named, along with celebrities Floyd Mayweather and Kim Kardashian, in a putative class action filed by buyers of the crypto token EthereumMax. The buyers allege that EthereumMax's co-founder and celebrity backers fraudulently promoted the token as part of a pump-and-dump scheme. Along with our co-counsel, we recently submitted an individual opposition to the proposed class certification, which was profiled by Law360.
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