Cristiano Ronaldo has a million-dollar fortune, which allows him to live a luxurious life. Moreover, this social status means that the striker faces the same high demands as one who has now settled in the United States and linked him to the famous cryptocurrency company Binance.
According to the BBC, the Portuguese will “Coordinate with Binance, Inc. to facilitate, assist and/or actively participate in the offering and sale of unregistered securities”, who hired him to work with him in advertising his services. In this way, he was accused of being an accomplice in the company’s illegal activities, and the judicial proceedings amounted to 1 billion US dollars.
Ronaldo faces $1 billion lawsuit
Football star Cristiano Ronaldo faces a $1 billion class-action lawsuit filed on behalf of users of cryptocurrency exchange Binance. pic.twitter.com/1QCm0lG8Sx— RT Spanish (@ActualidadRT) November 30, 2023
The proceedings were initiated in the Miami Southern District Court, with documents explaining that Cristiano “Knowed or should have known that Binance was selling unregistered cryptocurrency securities”considering that it has “Investment experience and adequate access to advisors.”
The connection between the Portuguese and Binance began in 2022 with the aim of Al Nassr players becoming the main promoters of the company’s non-fungible tokens, i.e. cryptocurrencies, which have unique and non-repeatable asset capabilities and Thanks to advances in technology, they act as user property with monetary value.
The company, the most important company in the world in the field of cryptocurrency, has been having problems for quite some time due to alleged irregular activities, and on November 21 admitted some of the charges, for which it had to pay a total of $4 billion in fines and compensation.
cook something @Christianity…
stay tuned. pic.twitter.com/OxqJ435bp3
— Binance (@binance) November 28, 2023
The complainant stated in more detail “Evidence now shows that the Binance fraud only reached such heights through the offer and sale of unregistered securities with the help and voluntary assistance of some of the richest, most powerful and well-known organizations and celebrities in the world,” Among them is Ronaldo.
Elsewhere in the document, the company’s ties to popular international figures are explained “The purpose is clearly to convince consumers that Binance is a safe place to buy and sell cryptocurrencies.”