Supermodel Kim Kardashian was fined by the SEC for promoting an illegal crypto investment scheme.

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Kim was charged with an amount over $1 million and a 3 year ban on promoting crypto asset securities.

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Kim was charged with unlawfully promoting an illegal crypto investment scheme on Instagram.

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The US Securities and Exchange Commission (SEC) examined and fined the reality TV star with a hefty amount.

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Kim Kardashian has paid a $1.26 million fine she was charged by the SEC.

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Kim has also agreed to not promote any crypto asset securities for three years.

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Kim promoted a crypto asset offered & sold by EthereumMax without disclosing the payment she received for the promotion.

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The SEC said that Kim agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation.

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In a series of posts to her Instagram story, Kim asked her followers, “Are you guys into crypto???"

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"This is not financial advice but sharing what my friends just told me about the ethereum max token!" she posted on Instagram.

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