-
Cristiano Ronaldo faces $1 billion class-action lawsuit for endorsing worthless NFTs
Soccer superstar Cristiano Ronaldo is facing a $1 billion class action lawsuit for his promotion of Binance, the world’s biggest crypto exchange. The lawsuit, filed Tuesday in a Florida court, said that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance,” including selling non-fungible tokens (NFTs) of himself, which led to substantial financial losses for investors. Binance didn’t immediately respond to CNN’s request for comment. A representative for Ronaldo declined to comment. In November 2022, Ronaldo partnered with ... (full story)