Influencer
Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers
Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the popular disclaimer “this is not financial advice” — may not actually protect them in the eyes of the law. United-States-based securities lawyer Matthew Nielsen from Bracewell LLP told Cointelegraph that while its “best practice” for influencers to disclose that “this is not financial advice,” simply saying the term will not protect them from the law as the “federal and state securities laws heavily regulate who can offer investment advice.” Australian financial regulatory lawyer Liam Hennessy, a partner at Gadens, explained that “advice warnings” are “by and large pretty useless,” while Australian digital lawyer Mic...
‘I’ve done nothing wrong’ — Lark Davis denies ‘pump-and-dump’ allegations
Crypto influencer Lark Davis has refuted new allegations from Twitter “on-chain sleuth” ZachXBT of shilling “low cap projects” to his audience “just to dump them shortly after.” Davis was responding to a Twitter thread posted by Zach on Sept. 29, containing allegations that he profited over $1.2 million through selling tokens from crypto projects which he was allegedly paid to promote without disclosing. In a 17-part thread, Zach pointed to eight examples of what is supposedly Davis’ crypto wallet receiving tokens from new crypto projects, with Davis subsequently tweeting or posting a video on them, and then selling the tokens shortly after. Speaking to Cointelegraph, Zach said he received requests from multiple people who lost money on the tokens shared by Davis asking to “take a closer l...
Egyptian TikTok influencer to appeal 10-year trafficking sentence
Egyptian TikTok influencer Haneen Hossam will appeal a 10-year prison sentence handed down by a Cairo court that found her guilty of human trafficking, her lawyer said on Monday. In the latest twist in a nearly year-long saga, the court also fined the 20-year-old Cairo University student 200 000 Egyptian pounds ($13 000) on Sunday for encouraging women to share footage on the video-sharing app in exchange for money. “We will demand restoration of the case proceedings because there are contradictions between the verdict and the merits on which the court’s decision is based,” said lawyer Hani Sameh. “We hope that she can get a reduced jail sentence or an acquittal,” he told the Thomson Reuters Foundation. Several women have been accused of “inciting debauchery” for challenging Egypt’s conser...
