Cristiano Ronaldo Faces Class-Action Lawsuit Over Binance NFT Promotion
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Football icon Cristiano Ronaldo faces a class-action lawsuit filed on November 27th in a Florida District Court, alleging that his collaboration with Binance resulted in significant investor losses. The legal complaint contends that Ronaldo, with 850 million social media followers, actively promoted the sale of unregistered securities on the Binance platform. The lawsuit suggests that Ronaldo's celebrity status attracted investors to Binance, where they were persuaded to invest in these unregistered securities, sparking a legal battle that could impact both Ronaldo and Binance.
Cristiano Ronaldo is entangled in a lawsuit, accused of promoting unregistered securities on Binance. The legal battle revolves around Ronaldo's collaboration with Binance to boost his NFT collections. The lawsuit claims that Ronaldo's popularity, coupled with the NFT partnership, lured investors to Binance, where they allegedly suffered substantial losses due to unregistered securities. The three investors behind the legal action seek compensation and coverage for their legal expenses. As the narrative unfolds, the details of Ronaldo's alleged involvement and Binance's role in the cryptocurrency world beckon readers to explore the complete story on Coinpedia.
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