Ronaldo Faces $1B Lawsuit Over Promotion of Now Near-Worthless NFTs
• Cristiano Ronaldo hit with $1 billion lawsuit for promoting Binance NFT collection • Plaintiffs allege Ronaldo and Binance made "deceptive statements" about NFTs • NFTs are digital art stored on blockchains; value has since collapsed • Cheapest Ronaldo NFTs launched at $77, now worth $1 • Lawsuit comes after Binance was fined $4.3B over money laundering violations