The star is one of three celebrity defendants being sued by investors in the EthereumMax crypto-currency..

Last June Kim Kardashian shared a post on social media promoting a little-known cryptocurrency token called EthereumMax.

“Are you guys into crypto????” she wrote on Instagram, where she has more than 200 million followers. “This is not financial advice but sharing what my friends just told me about the Ethereum Max token!”

Seven months later, EthereumMax has lost about 97% of its value, and celebrities are in legal hot water for promoting the speculative currency. Kardashian is one of several public figures being sued for misleading investors about the token, along with boxer Floyd Mayweather and former professional basketball player Paul Pierce.

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