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Storyboard18 | Can crypto ads land celebrities in legal trouble?

Kim Kardashian and boxing legend Floyd Mayweather are being sued over allegations that they misled investors when promoting a little-known cryptocurrency. Are Indian celebrities at such risk as well?
UK warns on cryptocurrency ads after Kim Kardashian's post

Kardashian had advertised virtual token Ethereum Max in June in a story feed on her Instagram account, which has more than 200 million followers.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

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Storyboard18 | Can crypto ads land celebrities in legal trouble?

UK warns on cryptocurrency ads after Kim Kardashian's post