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Kim Kardashian, Floyd Mayweather sued over promotion of crypto token

Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are facing a lawsuit alleging the celebrities misled investors in their promotion of a cryptocurrency token.

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The lawsuit, filed Jan. 7 in Los Angeles federal court, claims the celebrities touted tokens sold by EthereumMax, or EMAX, in order to boost its price and make themselves a profit “at the expense of their followers and investors.”

“The company’s executives, collaborating with several celebrity promoters … made false or misleading statements about EthereumMax through social media advertisements and other promotional activities,” the lawsuit stated.

According to the lawsuit, Kardashian promoted EthereumMax in a June 2021 post on Instagram, when she had 250 million followers.

“Are you guys into crypto?” she wrote in the post, followed by the disclaimer “this is not financial advice”, but that she wanted to share “what my friends just told me” about the EthereumMax tokens. She included the #AD hashtag to show the post was a paid advertisement, the lawsuit said.

Mayweather promoted EthereumMax on his boxing trunks during a widely viewed fight with YouTube star Logan Paul in June, among other times.

Representatives for Kardashian and Mayweather did not immediately respond to requests for comment.

EthereumMax, the company, was also named in the lawsuit.

“The deceptive narrative associated with the recent allegations is riddled with misinformation about the EthereumMax project,” EthereumMax said in a statement. “We dispute the allegations and look forward to the truth coming out.”

The lawsuit, filed by a New York resident who bought EMAX tokens and lost money, is proposed as a class-action suit for anyone who bought EMAX tokens from mid-May to late June 2021.

The case seeks restitution and disgorgement of profits by the defendants.

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China, US Navy in row over guided-missile destroyer in South China Sea


China’s defense ministry said on Friday that it yet again had to monitor and drive away the US Navy destroyer USS Milius that entered its territorial waters in the South China Sea near the Paracel Islands.

“We sternly demand the US to immediately stop such provocative acts, otherwise it will bear the serious consequences of unforeseen incidents,” a spokesperson said in a statement from the Ministry of National Defense.

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The US Navy said the guided-missile destroyer was asserting its navigational rights and freedoms.

“Unlawful and sweeping maritime claims in the South China Sea pose a serious threat to the freedom of the seas, including the freedoms of navigation and overflight, free trade and unimpeded commerce, and freedom of economic opportunity for South China Sea littoral nations,” the US Navy 7th fleet said in an emailed statement.

US forces operate in the South China Sea on a daily basis, the US Navy said.

It was the second straight day of a stand-off between the two super powers amid growing tensions in the South China Sea.

China claims vast swathes of the area that overlap with exclusive economic zones of various countries including the Philippines. Trillions of dollars in trade flow every year through the waterway.

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Saudi Arabia on track to achieve UN Sustainable Development Goals by 2030: Minister


Saudi Arabia is on track to achieve the United Nations’ Sustainable Development Goals (SDGs) by 2030, the country’s Deputy Minister for Water told the UN this week.

Dr Abdulaziz al-Shaibani – who headed the Kingdom’s delegation participating in the UN 2023 Water Conference in New York between March 22-24 – said the Kingdom will achieve its goals thanks to the restructuring of the water sector and the development of the National Water Strategy, state news agency SPA reported Friday.

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Saudi Arabia has allocated $80 billion for water projects within the coming years as part of Saudi efforts to achieve universal and equitable access to safe and affordable drinking water for all.

Dr. Al-Shaibani added that the Kingdom launched Vision 2030 and adopted the National Water Strategy in line with the goals of sustainable development.

The National Water Strategy aims to preserve water resources, protect the environment, and provide high-quality and efficient services.

The objectives of the National Water Strategy are in line with SDG6 in enabling access to clean and safe water globally.

“The Kingdom aspires to provide sanitation services to all by increasing the percentage of the population covered by sanitation services to be more than 95 percent by 2030. Also, KSA established the National Water Efficiency and Conservation Center,” Dr. Al-Shaibani added.

He noted that sustainable and resilient water management was on the G20 agenda during Saudi Arabia’s presidency and stressed that the Kingdom is on the right track to improving water demand management in agriculture to achieve SDG6.

The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, saw all 193 member countries of the UN unanimously adopt a landmark set of development goals intended to accelerate the world’s efforts to eradicate poverty, end hunger, protect the oceans and address climate change by 2030.

The 17 sustainable development goals are broken down into 169 specific targets that each country has committed to try to achieve voluntarily over the next 15 years.

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South Korea’s Yoon vows to make North pay price for its provocations


South Korean President Yoon Suk Yeol said on Friday he will make sure North Korea pays a price for its “reckless provocations”, hours after the North said it has tested a new nuclear-capable underwater attack drone.

North Korean state news agency KCNA said on Friday it tested a new nuclear underwater attack drone under leader Kim Jong Un's guidance this week, as a US amphibious assault ship arrived in South Korea for joint drills.

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The North's state news agency also confirmed it fired cruise missiles during the weapon test and firing drill that took place from Tuesday to Thursday.

During the drill, the North Korean drone cruised underwater for over 59 hours and detonated in waters off its east coast on Thursday, the KCNA said. It did not elaborate on the drone's nuclear capabilities.

The drone system is intended to make sneak attacks in enemy waters and destroy naval striker groups and major operational ports, the KCNA said.

“This nuclear underwater attack drone can be deployed at any coast and port or towed by a surface ship for operation,” the news agency said.

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North Korea says it tested new nuclear underwater attack drone

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