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Home » Cristiano Ronaldo faces US$1bn lawsuit for promoting Binance NFTs – The Guardian

Cristiano Ronaldo faces US$1bn lawsuit for promoting Binance NFTs – The Guardian

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Cristiano Ronaldo faces US$1bn lawsuit for promoting Binance NFTs – The Guardian

Cristiano Ronaldo has been hit with a class-action lawsuit seeking at least $US1bn in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance.The lawsuit filed in federal court in the Southern District of Florida on Monday alleges the footballer’s promotion of Binance was “deceptive and unlawful”.Binance’s partnership with high-profile figures such as Ronaldo, the plaintiffs claim, 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… 

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