Posted 11/29/2023, 1:48:00 PM
Ronaldo Faces $1 Billion Lawsuit Over Crypto Promotions With Binance
- Cristiano Ronaldo faces $1 billion lawsuit over promoting Binance crypto exchange and NFT collection
- Plaintiffs claim his endorsement led to losses as crypto prices crashed
- Suit alleges Ronaldo didn't properly disclose payment from Binance as required for promoting securities
- Ronaldo and Binance still appear to plan future partnerships though Binance faces separate legal issues
- Lawsuit comes amid wider scrutiny of celebrity crypto promotions failing to follow regulations