Cristiano Ronaldo Hit with $1B Suit for Binance Promotion

By: Eliza Bennet

Famed soccer star Cristiano Ronaldo faces a $1 billion class action lawsuit over his endorsement of major cryptocurrency exchange Binance. The legal action was initiated in the Southern District of California, where claimants argue that Ronaldo has played an active role in the sale and offering of unregistered securities in cooperation with Binance. The football legend is accused of promoting Binance to his numerous followers, fans and supporters, urging them to invest through the Binance platform.