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Cristiano Ronaldo faces $1billion lawsuit over partnership with Binance

by Savvy Nigeria
December 2, 2023
in Sports
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Portuguese professional footballer and captain Cristiano Ronaldo has been charged with a class-action lawsuit.

In a lawsuit was filed in federal court in the Southern District of Florida on Monday, the Al Nassr striker, has being asked to pay at least $1billion in damages for promoting cryptocurrency-related “non-fungible tokens,” or NFTs, which were issued by Binance.

The suit claims that Ronaldo’s promotion of Binance was “deceptive and unlawful.”The plaintiffs claim Binance’s partnership with high-profile figures like Ronaldo led them into costly and unsafe investments.

“Evidence now reveals that Binance’s fraud was only able to reach such heights through the offer and sale of unregistered securities, with the willing help and assistance of some of the wealthiest, powerful and recognized organizations and celebrities across the globe — just like Defendant Ronaldo,” the suit read.

 


|Daily Post

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