it is unfair to fail to disclose paid promotion/for influencers not to do due diligence on what they promote
43(B)log
OCTOBER 19, 2023
Another theory of harm came from allegations that the executive defendants and some of the promoter/influencer defendants were selling off their tokens as they promoted them, engaging in market manipulation. This was, they alleged, a pump and dump scheme. Difficulties quantifying the amount weren’t dispositive at this stage.
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