Your Teams.
All Sources.

Build your feed

© 2024 BVM Sports. Best Version Media, LLC.

Cristiano Ronaldo Faces $1 Billion Lawsuit Over Cryptocurrency NFT Promotions

Soccer legend Cristiano Ronaldo is sued for over $1 billion regarding Binance NFT promotions, claiming deceitful advertising led to unsafe investments. The lawsuit focuses on unregistered securities sales, with Ronaldo’s influence allegedly resulting in a surge of Binance searches online. Binance faces its own legal battles over securities exchange operations, with its CEO recently guilty of anti-money laundering failures. Ronaldo’s extensive promotion of the NFTs, pairing his iconic imagery with Binance’s platform, draws attention amidst recurring crypto scandals and celebrity endorsements gone awry. Ronaldo’s global status heightens the lawsuit’s profile, intersecting sports, technology, and legal controversy.

Read more at Sportsnet.ca


The summary of the linked article was generated with the assistance of artificial intelligence technology from OpenAI

Cristiano Ronaldo Faces $1 Billion Lawsuit Over Cryptocurrency NFT Promotions

Cristiano Ronaldo facing $1B class-action lawsuit for promoting Binance NFTs

Top Leagues

No results found.