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Kim Kardashian Fined $1.26 Million Over Cryptocurrency Posts on Instagram

Kim Kardashian has hit the headlines after she violated SEC securities laws when she promoted a cryptocurrency on her Instagram Stories.

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She has since been fined $1.26 million.

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Scroll down for all the latest!

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We have all heard of Kim Kardashian…

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The forty-one-year-old has broken the internet with her escapades many times.

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But for those who don’t know her full story, let’s have a little catch up…

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There’s a lot to fill you in on!

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First things first, you can’t talk about Kim without discussing the rest of the gang.

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She comes from one of the most famous families in America, so let’s take a closer look…

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Starting off with one of the most important figures in the family, Kris Jenner is infamous for her role as ‘momager’ to Kim and her sisters.

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She was the catalyst for the family’s reality show Keeping Up with the Kardashians, which launched them all to a new level of fame.

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Kim’s dad was none other than Robert Kardashian, O.J. Simpson’s lawyer in that notorious trial.

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Robert married Kris in 1978, but the pair were divorced by 1991. Sadly, Robert passed away back in 2003 when Kim was just twenty-two years old.

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Kris and Robert had 4 kids together.

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Scroll on to learn more about Kim’s eldest siblings…

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Kris and Robert’s eldest child together is none other than Kourtney Kardashian.

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The forty-three-year-old is currently married to musician Travis Barker and is the founder of lifestyle brand Poosh.

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Then, born in 1980, is the youngest of the Kardashian sisters, Khloé.

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She has starred in a whopping 3 Kardashian spinoff shows!

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Then there is the only brother to come out of the Kardashian clan, Rob Jr.

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He is known as being one of the most camera-shy members of the family, but he did compete in the thirteenth season of Dancing with the Stars, and came an impressive second.

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As well as the trio of Kardashian sisters, the family extends into the Jenners with the addition of Kendall and Kylie.

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Kris married Bruce Jenner, who transitioned in 2015, taking the name Caitlyn. The pair have 2 daughters together, who are Kim’s step-sisters.

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Kendall Jenner is known for modeling career, which has seen her walk runways all over the world.

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The twenty-six-year-old has been on multiple magazine covers, including Allure, LOVE, Harper’s Bazaar and even a range of international Vogue editions.

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The other Jenner sister is none other than Kylie, founder of the iconic beauty brand Kylie Cosmetics.

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She has faced controversy over Forbes’ declaration that she was the world’s youngest self-made billionaire back in 2020 when the magazine accused her of foraging tax documents which called her billionaire status into question.

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Kim even has 2 step-brothers too, thanks to Caitlyn’s earlier marriage with actress Linda Thompson.

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Scroll on to learn more about them…

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The eldest of the 2 brothers is Brandon Jenner.

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Aside from his appearances on various Kardashian shows, the forty-one-year-old is also known for his work in the music industry.

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Then there is Brody Jenner, who also appeared in various reality shows.

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The thirty-nine-year-old also occasionally works as a model and a disc jockey.

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But that’s enough about her family — since the beginning of their reality show, Kim has proved herself to be a cut above.

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Aside from her success on social media, Kim has followed Kylie into the world of business.

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She launched her very own shapewear brand in 2019 called Skims.

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Talking to Nordstrom, Kim spoke of where the inspiration for the brand came from: “Any great outfit starts with what’s underneath. If I don’t feel comfortable in my underwear or if it doesn’t fit properly, I am not going to feel good in it, no matter how I look from the outside.”

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The brand focuses on body positivity and inclusivity, with a range of shades and sizes available.

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Since its launch 3 years ago, the brand has seen huge success, with a valuation of $3.2 billion back in January 2022, as per Forbes.

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Before this, in June 2017, she also launched KKW Beauty.

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The brand took its name from Kim’s initials at the time — Kim Kardashian West.

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However, after just 2 years, Kim announced the brand was shutting down.

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This announcement came back in February of 2021.

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Thankfully, Kim relaunched the brand in early 2022 under a new name, SKKN by Kim.

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The relaunch saw the beauty line transformed into an exclusive 9-piece range of skincare items.

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According to Glamour Magazine, people think the rebrand was because of her divorce from Kanye West.

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The pair began dating in 2012, but called it quits last year, with Kim filing for divorce in the same month as the KKW rebrand announcement in February 2021.

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The pair first met in the early 2000s, but they didn’t become an item until 2012.

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It wasn’t an easy road to their relationship, however…

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Kim’s dating history began with music producer Damon Thomas, to who she was married for 3 years.

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She met him when she was just nineteen years old in 2000.

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After the split with Thomas, Kim had a relationship with singer and actor Ray J.

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Their involvement with each other has been forever immortalized in that video, which some might say launched Kim’s rise to fame.

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Kim was also briefly involved with singer Nick Lachey.

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However, according to E! News, Lachey wouldn’t even call Kim an ex, so take from that what you will.

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Then, Kim reportedly dated Nick Cannon for around a year.

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She and the host of The Masked Singer dated back in 2006.

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From around 2007, Kim dated running back Reggie Bush.

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Their relationship was fairly on and off, but they eventually called it quits in 2010.

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Kim even had an alleged fling with soccer legend Cristiano Ronaldo.

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According to Page Six, the couple had a whirlwind romance back in 2010.

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Another sports star that Kim had a brief relationship with is Miles Austin.

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Kim was involved with the football player back in 2010.

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Another one of Kim’s ex-beaus is One Tree Hill star Michael Copon.

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According to HuffPost, the pair briefly dated in 2010.

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After that, Kim was spotted with Halle Berry’s ex, the Canadian model Gabriel Aubry.

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PEOPLE reported that their relationship only lasted for a short period.

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Then, the reality star moved onto something more serious with NBA player Kris Humphries.

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He even proposed to her during an episode of Keeping Up with the Kardashians!

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The pair wed in 2011, but unfortunately things didn’t work out.

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They were married for just seventy-two days before Kim filed for a divorce.

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And that’s where we come to Kanye, with the couple being first seen in public in April 2012.

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However, it was reported that they were together earlier than this, according to Insider. His hit song ‘Cold’ even references the rumors: “And I’ll admit, I had fell in love with Kim / Around the same time she had fell in love with him.”

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From their first outing, things snowballed and soon the couple was seen everywhere.

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Kanye even began to feature on Keeping Up with the Kardashians.

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In May 2013, the couple attended their first Met Gala together.

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By then, Kim was 8 months pregnant, and she rocked a floral Givenchy gown.

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Their first child, a little girl named North West, was born just a month later in June 2013.

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She gave birth in Cedars-Sinai Hospital in Los Angeles.

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Then, in October of the same year on Kim’s thirty-third birthday, Kanye proposed to Kim in the middle of a huge baseball stadium.

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The extravagant proposal included a Jumbotron message, fireworks and even a live orchestra.

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In May 2014, the pair tied the knot at a blowout wedding in Italy.

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The Sun reports that the pair told everyone that the wedding would take place in Paris, before flying everyone out to Florence once they arrived.

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By 2015, Kim was pregnant again with her and Kanye’s second child.

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Their first son was born in December of that year, and they call him Saint.

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The couple went on to have 2 more children via surrogacy.

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As The Independent reports, Kim suffered from preeclampsia during both births, a condition which can potentially be deadly, which is why she turned to surrogacy for the birth of her youngest 2 kids.

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Chicago West was born in January 2018 and Psalm West in May 2019.

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The arrival of the 2 little ones completed the Kardashian West family.

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However, disaster struck and, in 2021, the news broke that the couple filed for divorce.

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After nearly 7 years together, the pair met the end of the road. TMZ reported that the split was amicable, and they were both committed to co-parenting with each other.

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Things begin to change in October of that year, after Kim’s Saturday Night Live debut.

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In the show, she said: “I married the best rapper of all time. Not only that, he’s the richest Black man in America, a talented, legit genius, who gave me four incredible kids. So when I divorced him, you have to know it came down to just one thing: his personality.”

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After her SNL appearance, Kim is spotted on multiple outings with comedian Pete Davidson.

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Page Six confirmed that the pair were officially dating in November 2021.

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Pete even accompanied Kim to the 2022 Met Gala, where she was seen wearing an iconic dress once worn by Marilyn Monroe.

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Forget about her date, that dress caused enough controversy on its own!

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However, the pair split up in August later that year.

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E! News reported that the breakup was due to their demanding schedules and the long-distance.

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Last week Kim took over the internet once more…

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Her cover in Interview Magazine was all anyone on Twitter could talk about!

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But it turns out that the actual subject matter of the interview was just as juicy.

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As she addressed, once and for all, the subject of her talent — or lack thereof.

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“Yeah, people used to say that and I’m like, ‘Do I need to be a f*****g circus animal?’

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“Just because we’re not singing and dancing and acting on the show doesn’t mean that the fame didn’t come from that,” she said.

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“But then, I would write that as a hashtag, not bad for a girl with no talent, because people used to be like, ‘Well, what do you do? What’s your talent?’

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“And I’m like, ‘Didn’t know I needed one,’” Kim added.

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“I mean, I can give you a million f*****g talents.

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“I can cook well, use my toes for anything. I could tell you the weirdest f****** s*** on the planet,” she said.

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Kim then revealed the talent she believes made her a megastar.

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“Marketing, and the business behind selling products and knowing what the customer wants and making it feel attainable, but also a bit unattainable at the same time,” she said.

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And it seems her interview isn’t the only thing getting people talking.

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She has recently opened up about her new outlook on her love life.

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It seems that her split with Pete was very difficult for the star.

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So much so, it’s going to take her a long time to move on.

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But she’s got some new ideals when it comes to searching for the perfect partner.

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During her appearance on Live with Kelly and Ryan, Kim Kardashian explained that it’s going to take time for her to get back on the dating scene.

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She said that at the time being she isn’t looking for a partner and the idea of dating apps just isn’t appealing to her.

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However, she did give some information about who she may look for in the future.

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Kim admitted she may be interested in doctors, scientists, and attorneys.

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However, she explained that currently, she’s “just not ready.”

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And this isn’t the first time she’s addressed her feelings.

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During her appearance on The Late Late Show With James Corden, she admitted: “I just want to chill for a minute. I think I need some time to myself and to focus, finish school, all that.”

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On top of that, Kim recently got in trouble over a cryptocurrency post she shared on her Instagram Stories.

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She has been fined $1.26million by the SEC because she didn’t declare to her followers that she was paid $250,000 to promote the cryptocurrency Ethereum Max on Instagram.

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“Are you guys into crypto? This is not financial advice but sharing what my friends just told me about the Ethereum Max Token!” Kim wrote in the post.

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“A few minutes ago Ethereum Max burned 400 Trillion Tokens — literally 50% of their admin wallet giving back to the entire E-Max community.”

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She did add the hashtag #AD but failed to share that she was paid $250,000.

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In addition to being fined Kim can’t get paid to promote cryptocurrency for 3 years.

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In a statement by SEC Chair Gary Gensler on Monday, he said: “Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities.”

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Gurbir S. Grewal, Director of the SEC’s Division of Enforcement added: “The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion.

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“Investors are entitled to know whether the publicity of a security is unbiased, and Kardashian failed to disclose this information.”

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What do you think?

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