Kim Kardashian would have to pay a $1.26 million fine for a single Instagram story.

Image Credit: her Instagram post

She published a story promoting the cryptocurrency Ethereum Max in June 2021, but she violated the rule.

Image Credit: her Instagram post

She was handed a significant fine from the Securities and Exchange Commission (SEC) on October 3, 2022, for not declaring the $250,000 she received for the promotion.

Image Credit: her Instagram post

Why was she fined?

According to the rules, if a celebrity promotes investing in securities, they must disclose the information that they were paid for doing so, and Kim Kardashian broke this law.

Image Credit: her Instagram post

And if anyone had purchased those tokens after reading Kim's story, they had already lost 95% of their investment.

Image Credit: her Instagram post

Losses Due to Her Story

EMAX's worth is dependent on hype, as it is not half as secure as older cryptocurrencies such as Bitcoin or Ether, and its value has dropped 95.3% in the 16 months after her story.

Image Credit: her Instagram post

Reason of Loss