Here are the celebrities promoting crypto — even as concerns around scams mount

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Don't rush to get in on speculative products just because your favourite star bought it! 🚫

In an Instagram post last summer, Kim Kardashian asked her 250 million followers: “Are you guys into crypto????” before drawing their attention to a little-known token called EthereumMax. The promotion is now the subject of a lawsuit that alleges the endorsement was a profiting scheme by Kardashian and other celebrities involved. Matt Damon

Matt Damon was the poster boy in a global advertising campaign rolled out by Crypto.com, which released the following ad this month. The commercial became the subject of scrutiny over concerns Damon's missive in the clip was encouraging young investors to put money into high-risk crypto assets.Jamie Foxx

In 2017, actor Jamie Foxx became an early celebrity endorser of crypto when he promoted the token sale of Cobinhood, a free cryptocurrency trading exchange.Charli D'Amelio The family Instagram account of TikTok star Charli D'Amelio posted a photo with a caption thanking the cryptocurrency exchange Gemini for her birthday gift of bitcoin in May as part of a partnership with the platform.

 

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