Ronaldo Faces $1 Billion Lawsuit Over Promotion of Binance NFTs Amid Legal Troubles for Crypto Exchange
• Portuguese soccer star Cristiano Ronaldo faces $1 billion class-action lawsuit alleging his promotion of Binance NFTs was deceptive and unlawful.
• Lawsuit claims Ronaldo's endorsements led fans to make unsafe crypto investments, costing them money.
• Suit alleges 500% increase in "Binance" searches after Ronaldo NFT launch; premium NFTs quickly sold out.
• Regulators previously accused Binance of operating illegally; CEO just pleaded guilty to charges.
• Ronaldo continues promoting Binance despite lawsuits and legal issues facing the crypto exchange.