Kendra Lust Settles Crypto Touting Charges

Kendra Lust Settles Crypto Touting Charges

WASHINGTON — The Securities and Exchange Commission (SEC) issued a public statement today unveiling charges against eight influencers, including Kendra Lust, for “illegally touting” cryptocurrency assets without disclosing that they were compensated for doing so, or the amount of their compensation.

Lust was among the majority of those influencers who agreed to pay a total of more than $400,000 in disgorgement, interest and penalties to settle the charges, without admitting or denying the SEC’s findings.

The charges stem from an SEC investigation into asset entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc., formerly known as BitTorrent.

The SEC probed Sun's unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT) and also charged the entrepreneur and his companies with “fraudulently manipulating the secondary market for TRX through extensive wash trading, which involves the simultaneous or near-simultaneous purchase and sale of a security to make it appear actively traded without an actual change in beneficial ownership, and for orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation,” statement explained.

The influencers who allegedly touted Sun’s crypto assets include Lindsay Lohan, Jake Paul, Soulja Boy, Austin Mahone, Lil Yachty, Ne-Yo, Akon and Lust. All except Soulja Boy and Mahone reached a financial settlement with the SEC.

Lust told XBIZ she was not aware of how the law regulates touting until the SEC began its investigation.

"I would never intentionally deceive or try to harm anyone in any way," she added.

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

UK Lawmaker Calls for Appointment of 'Porn Minister'

Baroness Gabrielle Bertin, the Conservative member of Parliament who recently convened a new anti-pornography task force, is calling for the appointment of a “minister for porn,” according to British news outlet The Guardian.

FSC Toasts Jeffrey Douglas for 30 Years of Service

n the very same evening when the adult industry was hit hard by the Supreme Court ruling supporting Texas’ controversial age verification law, HB 1181, members of the Free Speech Coalition board, staff and supporters gathered to celebrate Jeffrey Douglas’ 30 years as board chair — a fitting reflection of his reputation as an eternal optimist.

Hookup Hotshot Adds TobyDick.com

Hookup Hotshot (HUHS) has added U.K. paysite TobyDick.com to its network.

TTS Opens UK Testing Location

Talent Testing Service (TTS) has opened a new U.K. location in Ware, Hertfordshire.

FSC: Age-Verification Laws Go Into Effect South Dakota, Georgia, Wyoming on July 1

The Free Speech Coalition (FSC) has published a statement regarding new age verification laws set to go into effect tomorrow in South Dakota, Georgia, and Wyoming.

Leana Lovings, Shay Sights Front 'Substance' Parody From Brazzers

Leana Lovings stars with Shay Sights in the latest release from Brazzers, a parody of "The Substance.”

FSC Responds to Supreme Court Decision on Texas AV Law

The Free Speech Coalition (FSC) has released a statement responding to last week's Supreme Court decision on FSC v. Paxton, the Texas age verification law.

Sex Work CEO Debuts Upgraded 'GPTease' AI Assistant

Sex Work CEO has introduced the new Canvas in-chat editing feature to its AI-powered, NSFW text generator, GPTease.

Little Puck Stars in Latest Episode of 'The Bottom Floor' From Adult Time

Little Puck stars in the second episode of Adult Time series “The Bottom Floor,” titled “The Second Coming.”

Haley Spades Stars in Latest From Immoral

Haley Spades stars with Charlie Dean, Matt Bird, and Dean Van Damme in a new three-part release from Immoral Productions, directed by "Porno Dan" Leal.

Show More