Lindsay Lohan, Jake Paul, Lil Yachty, other celebs hit with SEC charges for boosting crypto

March 23, 2023

Those charged included "Mean Girls" and "Falling for Christmas" star Lindsay Lohan, social media personality and boxer Jake Paul and rapper Soulja Boy, according to an SEC release. Porn actor Kendra Lust and musicians Lil Yachty, Ne-Yo, Austin Mahone and Akon were also named in the agency's complaint. The main focus of the SEC charges is Justin Sun, described as a "crypto asset entrepreneur" who owns a handful of crypto-related companies, including Tron Foundation and BitTorrent Foundation. Last October, the SEC fined media juggernaut Kim Kardashian more than $1 million for boosting different crypto assets, EthereumMax crypto tokens, on Instagram without disclosing that she was paid to do so. One document states that Lohan was paid $10,000 in February 2021 to promote TRX tokens on Twitter.