SEC Charges Celebrities, Including Lindsay Lohan and Jake Paul, for Crypto Violations
TL;DR Summary
The SEC has charged eight celebrities, including Lindsay Lohan and Jake Paul, with illegally promoting two cryptocurrencies, Tronix and BitTorrent, without disclosing that they were paid to do so. Crypto entrepreneur Justin Sun, who sold the cryptocurrencies, was also charged with unregistered offer and sale of crypto asset securities and manipulating the secondary market. The celebrities were paid to hype TRX and BTT and directed not to publicly disclose their compensation. Six of the celebrities have agreed to pay a total of more than $400,000 to settle the charges without admitting or denying the SEC's findings.
- SEC charges Lindsay Lohan, Jake Paul, other celebs over crypto deals NPR
- Lindsay Lohan, Lil Yachty, Jake Paul Among Celebrities Hit With SEC Charges for Touting Crypto Variety
- Lindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules CNN
- Lindsay Lohan and Jake Paul hit with SEC charges over crypto scheme BBC
- SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations CNBC
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