The post Cristiano Ronaldo Binance Lawsuit Intensifies As The Superstar Sued For $1B appeared on BitcoinEthereumNews.com.

News 55 minus ago – Around 2 mins mins to read Key Points: Cristiano Ronaldo is facing a $1 billion class-action lawsuit over his endorsement of Binance, alleging his active participation in the sale of unregistered securities. Ronaldo partnered with Binance in 2022 for an exclusive NFT collection, aiming to attract investors to Binance’s crypto-related securities. Cristiano Ronaldo Binance lawsuit update: the professional soccer player who is widely regarded as the greatest player of his generation, faces a $1B lawsuit over endorsing Binance.  According to Crypto Town Hall, Cristiano Ronaldo is facing a $1 billion class-action lawsuit over his endorsement of Binance. The lawsuit alleges that Ronaldo actively participated in the sale of unregistered securities in coordination with Binance. 🚨 BREAKING: Cristiano Ronaldo Sued for Promoting Binance Cristiano Ronaldo is being sued in a Florida court as of Nov. 27, 2023, for endorsing Binance. The people suing him, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, say they lost money because of Ronaldo’s promotion… pic.twitter.com/XBE5XtpJtj — Crypto Town Hall (@Crypto_TownHall) November 29, 2023 The lead plaintiff claims to have been influenced by Ronaldo’s promotion of Binance and suffered financial losses as a result. Ronaldo partnered with Binance in 2022 for an exclusive NFT collection. The partnership involved Ronaldo providing spokesperson and marketing services for Binance, including promoting the NFT collection on social media and appearing in advertisements. Cristiano Ronaldo Binance Lawsuit Gains Intensity The promotional efforts of Ronaldo and Binance were highly successful, with the NFT collection selling out within the first week and generating increased online searches for NFT-related terms. The lawsuit argues that Ronaldo’s promotion of the NFT collection inherently promoted unregistered tokens and securities offered by Binance, such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The partnership between Ronaldo and Binance…

---

Filed under: News - @ December 2, 2023 4:14 pm