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Do SEC papers on EthereumMax prove the $1.26 million fine and pump-and-dump?

Research question: Do the primary SEC complaints and final orders in the EthereumMax matter confirm the $1.26 million penalty figure and the pump-and-dump allegations, or do they differ from the commentary and advocacy summaries in this file?

The file does not include the primary SEC complaints or final orders, so this answer relies on the SEC press release and secondary reporting. The $1.26 million figure matches Kim Kardashian's settlement 23, while the source gives Paul Pierce's penalty as $1.1 million 1. The SEC's order is described as finding a violation of the anti-touting provision, not a pump-and-dump provision 13, and the pump-and-dump label is presented as an allegation many people made rather than a finding 18. Some secondary summaries give inconsistent figures, such as $1.4 million for Pierce and $1.2 million for Kardashian 61519, so those should not be relied on. The newest fact in the file is dated February 2023 9, about three and a half years before October 2026.

Checked 2026-10-21. Only documented and supported facts are used.
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Sources

[1] supported
The source reports that Paul Pierce agreed to pay a $1.1 million penalty, not the $1.26 million figure named in the question.
"Pierce has agreed to pay a $1.1 million penalty and approximately $240,000 in disgorgement and prejud"
SEC charges NBA legend Paul Pierce for touting EthereumMax cryptocurrency
[2] supported
Kardashian agreed to settle the SEC case with a $1.26 million penalty payment and to help the SEC with its ongoing investigation.
"Kardashian has already agreed to settle the case, with a $1.26 million penalty payment, and to help the SEC with its ongoing investigation."
kim kardashian charged by sec for pushing crypto reaches 1 26m settlement
[3] documented
The SEC says Kardashian agreed to settle the charges and pay $1.26 million in penalties, disgorgement, and interest.
"Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation."
Press Release
[4] supported
The SEC alleged that Kardashian promoted EthereumMax's crypto asset security without disclosing that she was paid to promote it.
"The SEC says that Kardashian was in violation of its rules when she promoted a “crypto asset security offered and sold by EthereumMax” without the necessary disclosure that she was paid to promote it."
kim kardashian charged by sec for pushing crypto reaches 1 26m settlement
[5] supported
The source describes the SEC charge as one of touting EthereumMax cryptocurrency, and it does not mention pump-and-dump allegations.
"SEC charges NBA legend Paul Pierce for touting EthereumMax cryptocurrency"
SEC charges NBA legend Paul Pierce for touting EthereumMax cryptocurrency
[6] supported
The SEC announced a $1.4-million settlement with former NBA player Paul Pierce over allegedly promoting EthereumMax tokens on social media.
"The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media."
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
[7] documented
Kardashian was paid $250,000 to publish an Instagram post promoting EMAX tokens, and she did not disclose the payment.
"The SEC’s order finds that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax."
Press Release
[8] supported
The SEC said Kardashian should have disclosed a $250,000 payment she received to publish an Instagram post about EthereumMax's EMAX tokens.
"The agency specified that Kardashian should have disclosed a $250,000 payment she received to publish a post about EthereumMax’s EMAX tokens on her Instagram account."
kim kardashian charged by sec for pushing crypto reaches 1 26m settlement
[9] supported
Under the settlement, Pierce paid a $1.115-million civil penalty and roughly $240,000 in disgorgement, and agreed not to promote crypto projects considered securities for three years.
"As part of the settlement, Pierce paid a $1.115-million penalty to the SEC and roughly $240,000 in disgorgement and agreed not to promote any crypto projects considered to be securities for three years."
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
[10] documented
The $1.26 million total consisted of about $260,000 in disgorgement of her promotional payment, prejudgment interest, and a $1,000,000 penalty, without admitting or denying the findings.
"Without admitting or denying the SEC’s findings, Kardashian agreed to pay the aforementioned $1.26 million, including approximately $260,000 in disgorgement, which represents her promotional payment, plus prejudgment interest, and a $1,000,000 penalty."
Press Release
[11] supported
The $1.26 million settlement is composed of a $260,000 payment (the original $250,000 plus interest) and $1 million in penalties.
"The settlement reached with the SEC by Kardashian includes a $260,000 payment that represents that original amount, plus interest, as well as $1 million in penalties."
kim kardashian charged by sec for pushing crypto reaches 1 26m settlement
[12] supported
Kim Kardashian settled with the SEC for $1.26 million over allegations that she promoted EthereumMax without disclosing that she was paid.
"Kim Kardashian settled with the SEC to the tune of $1.26 million over allegations that she promoted the cryptocurrency EthereumMax without disclosing she was paid to do so."
What is EthereumMax? A closer look a the token in Kim Kardashian’s SEC settlement
[13] documented
The SEC's order found that Kardashian violated the anti-touting provision of the federal securities laws, not a pump-and-dump provision.
"The SEC’s order finds that Kardashian violated the anti-touting provision of the federal securities laws."
Press Release
[14] supported
According to the SEC's statement as reported, Kardashian received $250,000 to publish an Instagram post about EMAX tokens.
"The Securities and Exchange Commission said in a statement that she received $250,000 to publish a post on her Instagram account about EMAX tokens"
What is EthereumMax? A closer look a the token in Kim Kardashian’s SEC settlement
[15] supported
Kardashian reached a settlement of about $1.2 million with the SEC for failing to disclose a $250,000 payment to promote EMAX.
"Separately, Kardashian reached a $1.2 million settlement with the US Securities and Exchange Commission in October 2022 for failing to disclose a $250,000 payment to promote EMAX."
cointelegraph:ff888ee57094b:0 ethereummax investors secure partial win in class action lawsuit
[16] supported
Pierce was paid $244,000 worth of EMAX by promoters in addition to posting allegedly misleading profit information on Twitter.
"According to the SEC, promoters paid the former NBA star $244,000 worth of EMAX in addition to him posting messages allegedly showing misleading information about profits on Twitter."
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
[17] supported
Kardashian neither admitted nor denied the allegations in the settlement, and agreed not to endorse any digital tokens for three years.
"although Kardashian didn’t admit to or deny the allegations as part of the settlement, she agreed not to endorse any digital tokens for three years."
What is EthereumMax? A closer look a the token in Kim Kardashian’s SEC settlement
[18] supported
The pump-and-dump label is an allegation that many people made about EthereumMax, not a finding stated in the article.
"Many alleged the project was a “pump and dump” scheme after the price surged more than 116,000% in a week, then fell more than 99%, leaving many investors holding the bag."
cointelegraph:ff888ee57094b:0 ethereummax investors secure partial win in class action lawsuit
[19] supported
In October 2022 the SEC announced a $1.2-million settlement with Kim Kardashian for failing to disclose a $250,000 payment to promote EMAX tokens on Instagram.
"The SEC announced a $1.2-million settlement in October 2022 with Kim Kardashian for similar charges as those Pierce was facing — in that case, she failed to disclose a $250,000 payment to publish a story on her Instagram promoting EMAX tokens."
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
[20] supported
Separately from the SEC matter, EMAX investors sued Kardashian and Floyd Mayweather in a private lawsuit after the token fell precipitously; the article does not describe any pump-and-dump allegation.
"In January, EMAX investors sued Kardashian and boxer Floyd Mayweather after promoting the token, which fell precipitously."
What is EthereumMax? A closer look a the token in Kim Kardashian’s SEC settlement