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A lawsuit accusing Kim Kardashian and Floyd Mayweather of misleading investors by promoting a cryptocurrency on social media has been dismissed.

Investors who bought EthereumMax tokens said they had lost money after believing what the celebrities said about the digital asset.

The lawsuit was filed in January, and it claimed that the defendants had conspired to inflate the value of the tokens.

District Judge Michael Fitzgerald of California said in his ruling on Wednesday that the case raised “legitimate concerns” about the ability of celebrities to persuade fans to “buy snake oil with unprecedented ease and reach”.

But the law still expected investors to “act reasonably” before acting “on the zeitgeist of the moment”, he added.

Kardashian wrote an Instagram post in June 2021 saying: “Are you guys into crypto??? This is not financial advice but sharing what my friends told me about Ethereum Max token.”

Her post included “#ad” at the bottom, indicating she had been sponsored, but it did not disclose her $250,000 payment from EthereumMax.

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Mayweather promoted the EMAX tokens at a boxing match and at a Bitcoin conference in June 2021.

The value of the EMAX tokens rocketed in 2021 – but by January, they had lost 97% of their value.

In addition to Kardashian, Mayweather and former Boston Celtics star Paul Pierce, the defendants in the case included Steve Gentile and Giovanni Perone, the co-founders of EthereumMax, and Justin French, a consultant and developer for the cryptocurrency.

The judge’s ruling said: “This action demonstrates that just about anyone with the technical skills and/or connections can mint a new currency and create their own digital market overnight.

“Likewise, the action emphasises the power of social media in allowing celebrities to directly communicate with their millions of fans with a touch of a button.

“These two facts, together, have seemingly allowed unvetted and highly volatile investment ventures to go viral based solely on the paid-for word of celebrity promoters.

“Losses have inevitably followed. The court acknowledges that this action raises legitimate concerns over celebrities’ ability to readily persuade millions of undiscerning followers to buy snake oil with unprecedented ease and reach.

“But, while the law certainly places limits on those advertisers, it also expects investors to act reasonably before basing their bets on the zeitgeist of the moment.”

Michael Rhodes, a lawyer for Kardashian, told NBC: “We’re pleased with the court’s well-reasoned decision on the case.”

The investors can refile the lawsuit if they amend some of their claims by 22 December.

It comes two months after Kardashian agreed to pay $1.26m (£1m) and not to promote cryptocurrency for three years to settle claims by the US Securities and Exchange Commission for her failure to disclose the $250,000 payment she received.

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LA fires: Paris Hilton and Billy Crystal’s homes burn down as more celebrities evacuated

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LA fires: Paris Hilton and Billy Crystal's homes burn down as more celebrities evacuated

Hollywood celebrities are among thousands of people who have been evacuated in Los Angeles, some fleeing homes now burned to the ground.

Paris Hilton and actor Billy Crystal have both lost their houses as fires rip through parts of California, including exclusive suburbs home to film stars and billionaires.

Oscar-winning songwriter Diane Warren, talk show host Ricki Lake, actor Cary Elwes, and reality stars Spencer Pratt and Heidi Montag have also confirmed their homes have been destroyed.

US media is reporting that Eugene Levy, and Adam Brody and Leighton Meester, have lost their homes. The stars are yet to confirm this.

Sky News’ US correspondent Martha Kelner reported that Tom Hanks, Ben Affleck and Reese Witherspoon were among those evacuated.

Follow latest: At least five killed as flames spread

The US flag flies as flames from the Palisades Fire engulf a structure during a windstorm on the west of Los Angeles. Pic: Reuters
Image:
Pic: Reuters

Firefighters battle the Palisades fire as it burns during a windstorm on the west side of Los Angeles.
Pic: Reuters
Image:
Pic: Reuters

The California wildfires as of Thursday morning.
Image:
The California wildfires as of Thursday morning.

The blaze in Pacific Palisades, a hillside area between Santa Monica and Malibu dotted with celebrity homes, is one of at least five raging in California.

Thousands of firefighters are trying to contain the flames, with a new fire breaking out overnight in the Hollywood Hills, threatening a host of tourist sites including the Walk Of Fame.

‘The loss is overwhelming’

Hilton said she was “heartbroken beyond words” to see her Malibu home, where she has brought up her young children Phoenix and London, “burn to the ground on live TV”.

In a post on social media, she said: “This home was where we built so many precious memories. It’s where Phoenix took his first steps and where we dreamed of building a lifetime of memories with London.

“While the loss is overwhelming, I’m holding onto gratitude that my family and pets are safe.”

Read more:
Why are there wildfires in January?

‘Truly apocalyptic scenes’ as flames swallow homes

In a joint statement, US actor Crystal, known for films including When Harry Met Sally and Analyze This, and his wife Janice confirmed their home of 46 years was gone.

“Words cannot describe the enormity of the devastation we are witnessing and experiencing,” the couple said.

They added: “We raised our children and grandchildren here. Every inch of our house was filled with love. Beautiful memories that can’t be taken away.”

Firefightesr battles the Palisades fire as it burns during a windstorm on the west side of Los Angeles.
Pic: Reuters
Image:
Pic: Reuters

The Hills stars Pratt and Montag documented the escalation of the fire at their home on Snapchat, with Pratt saying: “I’m watching our house burn down on the security cameras.”

His sister, Stephanie, who also starred in The Hills, as well as Made In Chelsea, told Sky News yesterday that she did not know if her own home was okay.

“I talked to my neighbour last night and she told me that [Palisades Charter High School] had burnt down, and that’s directly behind me, and so had Gelson’s Supermarket which is adjacent,” she said.

“I just can’t reach anyone to see if my house is okay. I just Googled it and it said that it’s destroyed and terrible… I don’t know if my house is there.”

Jamie Lee Curtis confirmed her home was safe but said “our beloved neighbourhood is gone” as she shared videos of the blaze on her Instagram.

Writer and actor Steve Guttenberg told Sky News he witnessed panic attacks and despair as he tried to help residents as the flames closed in.

The Police Academy star said: “There were mothers trying to find their kids.

“There were panic attacks. It was terrible. And that’s when the fires just lit up.”

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Guttenberg calls on national guard

Other celebrities who have fled their properties include the award-winning actor James Woods, who said he had been safely evacuated from his home in Pacific Palisades.

But he added in a post on X: “I do not know at this moment if our home is still standing.”

Actor Mark Hamill, best known for playing Luke Skywalker in the Star Wars films, also posted on social media on Wednesday saying he evacuated his home in Malibu and his family were “fleeing for our lives”.

This Is Us actress Mandy Moore was also forced to leave her home with her children and pets, saying on Instagram they had found temporary refuge with friends.

The actress said: “Trying to shield the kids from the immense sadness and worry I feel.

“Praying for everyone in our beautiful city. So gutted for the destruction and loss. Don’t know if our place made it.”

Mark Hamill and Mandy Moore. File Pics: Reuters
Image:
Mark Hamill and Mandy Moore fled their homes. File Pics: Reuters

An awards ceremony planned for this weekend has been pushed back by two weeks, while the Oscar nominations next week have also been postponed.

According to Velvet Ropes, which maps celebrity properties, Matt Damon, Steven Spielberg, Hilary Swank and Sally Field all have homes close to where fires are raging.

Dr Dre, Tyra Banks, Martin Short, Anna Faris, Milo Ventimiglia, Linda Cardellini, Mary McDonnell, Adam Sandler, Miles Teller, and Jennifer Love Hewitt are also said to have houses in affected areas.

The Palisades Fire burns a Christmas tree inside a residence in the Pacific Palisades neighborhood. Pic: AP
Image:
Pic: AP

The skyline of Los Angeles covered with smoke due to wildfires raging in the area. Pic: Reuters
Image:
The LA skyline cloaked in smoke. Pic: Reuters

In neighbouring Malibu, which was also affected by fires in December, stars including Beyonce and Jay-Z, Kim Kardashian, Lady Gaga and Billie Eilish are said to be among the celebrity residents.

The Palisades blaze has already burnt through nearly 16,000 acres of land, while the Eaton fire, covering over 10,000 acres, has caused the death of five people.

Three other fires, the Hurst fire, Lidia fire and Sunset fire, are all raging as emergency services battle to bring them under control.

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All five living US presidents pictured together at funeral of Jimmy Carter

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All five living US presidents pictured together at funeral of Jimmy Carter

All five of the living US presidents have been pictured together at the funeral of Jimmy Carter.

The 39th US president died at the age of 100 on 29 December, in his hometown of Plains, Georgia.

President Joe Biden gave a eulogy to his fellow Democrat at the state funeral at the Washington National Cathedral.

He appeared alongside president-elect Donald Trump and other former presidents Barack Obama, George W Bush and Bill Clinton and their respective spouses.

  Front row L-R: Joe Biden, Jill Biden, Kamala Harris, Douglas Emhoff. Second row L-R: Bill Clinton, Hillary Clinton, George W. Bush, Laura Bush, Barack Obama, Donald Trump, Melania Trump
Image:
Front row L-R: Joe Biden, Jill Biden, Kamala Harris, Douglas Emhoff. Second row L-R: Bill Clinton, Hillary Clinton, George W Bush, Laura Bush, Barack Obama, Donald Trump, Melania Trump

Front row, from left, President Joe Biden, first lady Jill Biden, Vice President Kamala Harris and second gentleman Doug Emhoff and second row from left, former President Bill Clinton, former Secretary of State Hillary Clinton, former President George W. Bush, Laura Bush, former President Barack Obama, President-elect Donald Trump and Melania Trump, stand during the state funeral for former President Jimmy Carter at Washington National Cathedral in Washington, Thursday, Jan. 9, 2025. (AP Photo/Jacquelyn Martin)
Image:
Pic: AP

Vice president Kamala Harris, who lost the 2024 election to Mr Trump, was also seated with the group alongside her husband.

It’s the first time the Democrat nominee has been seen with the president-elect since the US election, and after she certified Mr Trump’s election win on Monday.

Former President Barack Obama, right, former President George W. Bush, left, and Laura Bush, center, arrive before the State Funeral for former President Jimmy Carter at Washington National Cathedral in Washington, Thursday, Jan. 9, 2025. (AP Photo/Jacquelyn Martin)
Image:
Pic: AP

Before the service, Mr Trump was also seen shaking hands with former vice president Mike Pence – the first time the pair have been seen in public together since leaving the White House in 2021.

Prior to that, Mr Pence had refused to back Mr Trump’s claim he had won the 2020 election.

Former Vice President Mike Pence shakes hands with U.S. President-elect Donald Trump.
Pic: Reuters
Image:
Pic: Reuters

Mr Obama and Mr Trump were also seen talking before the service began.

Barack Obama talks with President-elect Donald Trump, next to Melania Trump, as they arrive to attend the state funeral for former President Jimmy Carter.
Pic: AP
Image:
Pic: AP

During his eulogy, Mr Biden said Mr Carter taught him the importance of treating “everyone with dignity and respect.”

“To young people, to anyone in search of meaning and purpose, study the power of Jimmy Carter’s example,” the president said. “Character, faith, love – a true patriot.”

Joshua Carter, the former president’s grandson, also said at the service: “He built houses for people who needed homes.

“He eliminated diseases in forgotten places. He waged peace anywhere in the world, wherever he saw a chance. He loved people.”

Read more:
‘Jimmy who?’ The president 1970s America needed
Tributes to ‘extraordinary leader

From 4 January, Mr Carter’s body was carried by a motorcade through Plains, before heading to the Carter Presidential Center in Atlanta.

The former president’s remains were then flown to Maryland and transferred in a ceremony to a hearse, which was carried in a motorcade to the US Navy Memorial in Washington to honour Mr Carter’s service as a lieutenant in the Navy.

He has since been lying in state at the Capitol Building, where the public could pay respects from Tuesday evening through to Thursday morning

Prince Edward, Duke of Edinburghtalks with Justin Trudeau before the state funeral for former President Jimmy Carter.
Pic: AP
Image:
Prince Edward, the Duke of Edinburgh, and Canadian Prime Minister Justin Trudeau also attended. Pic: AP

Mr Carter’s body will now be returned to his hometown in Georgia for a second service and burial.

There, a private ceremony will be held at Maranatha Baptist Church before another procession through Plains, where supporters are being encouraged to line the streets for the motorcade.

Mr Carter will then be buried on his property next to his late wife, Rosalynn, who died in 2023.

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LA fires: Paris Hilton and Billy Crystal’s homes burn down as more celebrities evacuated

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LA fires: Paris Hilton and Billy Crystal's homes burn down as more celebrities evacuated

Hollywood celebrities are among thousands of people who have been evacuated in Los Angeles, some fleeing homes now burned to the ground.

Paris Hilton and actor Billy Crystal have both lost their houses as fires rip through parts of California, including exclusive suburbs home to film stars and billionaires.

Oscar-winning songwriter Diane Warren, talk show host Ricki Lake, actor Cary Elwes, and reality stars Spencer Pratt and Heidi Montag have also confirmed their homes have been destroyed.

US media is reporting that Eugene Levy, and Adam Brody and Leighton Meester, have lost their homes. The stars are yet to confirm this.

Sky News’ US correspondent Martha Kelner reported that Tom Hanks, Ben Affleck and Reese Witherspoon were among those evacuated.

Follow latest: At least five killed as flames spread

The US flag flies as flames from the Palisades Fire engulf a structure during a windstorm on the west of Los Angeles. Pic: Reuters
Image:
Pic: Reuters

Firefighters battle the Palisades fire as it burns during a windstorm on the west side of Los Angeles.
Pic: Reuters
Image:
Pic: Reuters

The California wildfires as of Thursday morning.
Image:
The California wildfires as of Thursday morning.

The blaze in Pacific Palisades, a hillside area between Santa Monica and Malibu dotted with celebrity homes, is one of at least five raging in California.

Thousands of firefighters are trying to contain the flames, with a new fire breaking out overnight in the Hollywood Hills, threatening a host of tourist sites including the Walk Of Fame.

‘The loss is overwhelming’

Hilton said she was “heartbroken beyond words” to see her Malibu home, where she has brought up her young children Phoenix and London, “burn to the ground on live TV”.

In a post on social media, she said: “This home was where we built so many precious memories. It’s where Phoenix took his first steps and where we dreamed of building a lifetime of memories with London.

“While the loss is overwhelming, I’m holding onto gratitude that my family and pets are safe.”

Read more:
Why are there wildfires in January?

‘Truly apocalyptic scenes’ as flames swallow homes

In a joint statement, US actor Crystal, known for films including When Harry Met Sally and Analyze This, and his wife Janice confirmed their home of 46 years was gone.

“Words cannot describe the enormity of the devastation we are witnessing and experiencing,” the couple said.

They added: “We raised our children and grandchildren here. Every inch of our house was filled with love. Beautiful memories that can’t be taken away.”

Firefightesr battles the Palisades fire as it burns during a windstorm on the west side of Los Angeles.
Pic: Reuters
Image:
Pic: Reuters

The Hills stars Pratt and Montag documented the escalation of the fire at their home on Snapchat, with Pratt saying: “I’m watching our house burn down on the security cameras.”

His sister, Stephanie, who also starred in The Hills, as well as Made In Chelsea, told Sky News yesterday that she did not know if her own home was okay.

“I talked to my neighbour last night and she told me that [Palisades Charter High School] had burnt down, and that’s directly behind me, and so had Gelson’s Supermarket which is adjacent,” she said.

“I just can’t reach anyone to see if my house is okay. I just Googled it and it said that it’s destroyed and terrible… I don’t know if my house is there.”

Jamie Lee Curtis confirmed her home was safe but said “our beloved neighbourhood is gone” as she shared videos of the blaze on her Instagram.

Writer and actor Steve Guttenberg told Sky News he witnessed panic attacks and despair as he tried to help residents as the flames closed in.

The Police Academy star said: “There were mothers trying to find their kids.

“There were panic attacks. It was terrible. And that’s when the fires just lit up.”

Please use Chrome browser for a more accessible video player

Guttenberg calls on national guard

Other celebrities who have fled their properties include the award-winning actor James Woods, who said he had been safely evacuated from his home in Pacific Palisades.

But he added in a post on X: “I do not know at this moment if our home is still standing.”

Actor Mark Hamill, best known for playing Luke Skywalker in the Star Wars films, also posted on social media on Wednesday saying he evacuated his home in Malibu and his family were “fleeing for our lives”.

This Is Us actress Mandy Moore was also forced to leave her home with her children and pets, saying on Instagram they had found temporary refuge with friends.

The actress said: “Trying to shield the kids from the immense sadness and worry I feel.

“Praying for everyone in our beautiful city. So gutted for the destruction and loss. Don’t know if our place made it.”

Mark Hamill and Mandy Moore. File Pics: Reuters
Image:
Mark Hamill and Mandy Moore fled their homes. File Pics: Reuters

An awards ceremony planned for this weekend has been pushed back by two weeks, while the Oscar nominations next week have also been postponed.

According to Velvet Ropes, which maps celebrity properties, Matt Damon, Steven Spielberg, Hilary Swank and Sally Field all have homes close to where fires are raging.

Dr Dre, Tyra Banks, Martin Short, Anna Faris, Milo Ventimiglia, Linda Cardellini, Mary McDonnell, Adam Sandler, Miles Teller, and Jennifer Love Hewitt are also said to have houses in affected areas.

The Palisades Fire burns a Christmas tree inside a residence in the Pacific Palisades neighborhood. Pic: AP
Image:
Pic: AP

The skyline of Los Angeles covered with smoke due to wildfires raging in the area. Pic: Reuters
Image:
The LA skyline cloaked in smoke. Pic: Reuters

In neighbouring Malibu, which was also affected by fires in December, stars including Beyonce and Jay-Z, Kim Kardashian, Lady Gaga and Billie Eilish are said to be among the celebrity residents.

The Palisades blaze has already burnt through nearly 16,000 acres of land, while the Eaton fire, covering over 10,000 acres, has caused the death of five people.

Three other fires, the Hurst fire, Lidia fire and Sunset fire, are all raging as emergency services battle to bring them under control.

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