Lindsay Lohan and Jake Paul were indicted by the SEC for the encryption process.

US regulators accused eight celebrities, including Lindsay Lohan and Jake Paul, of involvement in illegal encryption techniques.

The stars allegedly used their social media platforms to promote the two cryptocurrencies without disclosing that they were paid for their promotion.

The U.S. Securities and Exchange Commission (SEC) announced the rates in a press release Wednesday.

Lohan and Paul paid the price to pay the bills without admitting to the mistake.

Other celebrities accused are:

Music Soulja Boy (DeAndre Cortez Street)
Singer Austin Mahone
Porn actress Kendra Lust (Michele Mason)
Rapper Lil Yachty (Miles Parks McCollum)
Shaff Horse
Music4 SEC Said to be Senegalese -American singer Aliaune Thiam (Akon)
was accused of illegal promotion of TRX and BTT crypto assets, but “did not disclose the payments they received and the amount paid to the unemployed.”
Justin Sun, a cryptocurrency investor and representative on the Caribbean island of Grenada, has also been accused of fraud by manipulating two token trades to get them to participate in what has been termed “fake trading”. Violation of the penal code. .

Alibaba founder Jack Ma’s Chinese-born son, Mr. Sun, is famous for his $4.6m (£3.7m) dinner with investor Warren Buffett.

The SEC added in a press release that it was accused of “promoting advertising campaigns that it and its supporters concealed the fact that celebrities are getting paid for their tweets.”
Companies Tron Foundation Limited, BitTorrent Foundation Ltd, and Rainberry Inc (formerly BitTorrent) are also charged as part of the plan. “This issue again increases the risk investors face when offering and selling securities in crypto assets without disclosing them,” said Gary Gensler, SEC Chairman.

“Sun and Co. not only made millions of illegal money at investors’ expense by targeting American investors in informal and illegal sales, but also shared the business of the informal business to create an illusion of business.” Celebrities other than

Soulja Boy and Mahone paid a total of more than $400,000 to plead guilty.

Lohan, best known for her role in the 2004 movie Mean Girls, is 8 years old.
When his 4 million Twitter followers posted a message urging their followers to invest.

The 36-year-old actor, residing in Dubai, United Arab Emirates, paid $10,000 to the SEC and also paid a fine of $30,000, according to the accusation documents.

Paul, a YouTuber, boxer, and Puerto Rican resident, was ordered to pay more than $100,000.