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A class-action lawsuit has been filed against Cristiano Ronaldo, the Al Nassr striker, seeking at least $1 billion in damages.
The lawsuit, lodged in the federal court of the Southern District of Florida, alleges that Ronaldo‘s endorsement of cryptocurrency-related non-fungible tokens (NFTs) issued by Binance was deceptive and illegal.
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The legal action claims that Ronaldo’s promotion of Binance misled individuals into investing in risky ventures.
The lawsuit specifically targets Binance’s collaboration with prominent figures like Ronaldo, asserting that their association contributed to luring investors into potentially hazardous and unregistered securities.
The suit contends that Binance’s fraudulent activities reached considerable heights due to the offer and sale of unregistered securities, with the cooperation of influential organizations and celebrities worldwide, including Ronaldo.
