Cristiano Ronaldo is facing a class-action lawsuit worth $1 billion in relation to his commercial partnership with cryptocurrency exchange Binance. The lawsuit, filed in a Miami court, alleges that Ronaldo promoted and participated in the sale of unregistered securities with Binance. The lawsuit is seeking to represent consumers who purchased unregistered securities from Binance, and Ronaldo is accused of soliciting investments in unregistered securities by encouraging his millions of followers to invest with the platform. The lawsuit adds to a growing list of legal issues for Binance, including a recent $4.3 billion settlement with US prosecutors.
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Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance Cryptocurrency Promotion
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