How to Avoid Getting Scammed In Crypto

Lessons learned from Kim Kardashian, EthereumMax and the rise of “influencer crypto”

On Monday June 14, 2021, Kim Kardashian joined the long list of celebrities to brazenly shill a shitcoin called ‘EthereumMax’.

Don’t let the name fool you.

This coin had literally nothing to do with Ethereum.

It’s creators simply used a bigger name to mooch credibility and brand recognition at a glance — a common tactic used by pump & dumpers. By sticking a viral event or another popular cryptocurrency in the name of their token, shitcoin creators increase their chances of capturing the hard-earned cash of FOMO-fuelled investors (see: Squid Game Token)

So, what happened to EthereumMax? And how can investors use the following story to avoid getting scammed in the Wild West of crypto?

EthereumMax (EMAX): A Brief History

EthereumMax grabbed international headlines after Kim Kardashian posted a carefully worded Instagram story, saying that her “friends” had just told her about a community-oriented token called EthereumMax, complete with the hashtags: #ad & #disrupthistory.