Cristiano Ronaldo Faces Legal Action Over Binance Crypto Promotions

Portuguese professional soccer star Cristiano Ronaldo has been named in a class-action lawsuit filed in a United States district court in Florida, that centers around his involvement in promoting the cryptocurrency exchange Binance BNB/USD.

The suit, filed on Nov. 27, 2023, stated that in 2022, Ronaldo entered into a multi-year partnership with Binance, involving the launch of his first-ever NFT (Non-Fungible Token) collection.

As part of this agreement, Ronaldo became a paid spokesperson for Binance, participating in the company’s global advertising campaign.

The promotional materials featuring Ronaldo were disseminated through various public channels, including websites, television, and…

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