Ronaldo Faces $1 Billion Lawsuit Over Crypto Endorsement Gone Wrong
• Cristiano Ronaldo faces a $1 billion lawsuit over his endorsement of Binance cryptocurrency exchange • The lawsuit alleges his promotion led people to make losing investments in unregistered securities • It contends there was a 500% increase in searches for Binance after Ronaldo's endorsement • The plaintiffs are seeking over $1 billion in damages from Ronaldo • The SEC chairman warned that celebrities endorsing crypto investments must follow US laws