According to Pet Berisha, author of the current affairs newsletter "Sporting Crypto," Binance's partnership with sports partners, including Cristiano Ronaldo, is likely to continue because Binance's transactions may be secure and unlike FTX, the exchange still has the ability to pay and fulfill its payment obligations. Football star Cristiano Ronaldo is facing a class action lawsuit in Florida for allegedly engaging in "deceptive and illegal" promotion of Binance, but he seems unconcerned and posted on X on November 28 that he is "brewing some content" with Binance.

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.

Binance customers are suing Cristiano Ronaldo for $1 billion in damages, alleging that he aided the sale of unregistered securities with the cryptocurrency exchange. Ronaldo partnered with Binance in 2022 to create NFT collections and promote the exchange to his massive social media following. Binance settled with the federal government for over $4 billion in penalties and restitution for violating the Bank Secrecy Act, and its founder stepped down as CEO. Ronaldo has been fined $4.5 million by the Italian Competition Authority for promoting Binance without disclosing that he was being paid, adding to the legal issues faced by celebrities promoting cryptocurrency projects.