Renowned footballer Cristiano Ronaldo is currently entangled in a class-action lawsuit filed in the United States, arising from his promotion of Binance, the world’s largest cryptocurrency exchange.
Plaintiffs in the case assert that Ronaldo’s endorsement persuaded them to engage in investments that resulted in financial losses, prompting them to seek a staggering $1 billion in damages.
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He’s association with Binance has now placed him at the center of a legal battle, with the plaintiffs alleging significant financial harm as a result of following the football icon’s investment lead.
The outcome of this legal proceeding could have far-reaching implications for both celebrity endorsements and investor protection in the cryptocurrency landscape.
(Reuters)