The Crypto CrisisFallout from FTX

Celebrities Lindsay Lohan and Jake Paul Illegally Touted Crypto Assets, SEC Says

Regulator also sues Justin Sun, whose company sold tokens TRX and BTT

Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory Brangan

WASHINGTON—U.S. regulators clawed back money that actress Lindsay Lohan and boxer Jake Paul earned by promoting cryptocurrencies, continuing a campaign of making examples of celebrities who tout digital assets in violation of investor-protection laws.

Ms. Lohan, Mr. Paul and four other celebrities agreed to pay a combined $400,000 to settle the Securities and Exchange Commission’s investigation of their role in the promotion of crypto assets TRX and BTT.

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