World star football player Cristiano Ronaldo was sued due to his sponsorship agreements and promotions with Binance.
Cristiano Ronaldo, Binance in the past period with NFT introductions because target of class action lawsuit took place. in florida to a US district court on November 27 In the application, it was stated that Ronaldo in coordination with Binance encourages unregistered securities offers and salesto these helper is or active aspect place received It was claimed:
Ronaldo’s promotions encouraged millions of his followers, fans, and supporters to invest in the Binance platform, soliciting or assisting Binance to invest in unregistered securities.
Class action lawsuit initiated Michael Sizemore, Mikey Vongdara And Gordon Lewis to cover the damages compensation he demanded. Plaintiffs allege that promotions and promotions made by Ronalda on Binance Increased interest in NFT and similar products He stated that it was increasing rapidly.
These advertisements, made by a reliable name like Ronaldo, expose users to unknowingly encourages you to violate securities laws While it was stated that it was assumed that Ronaldo had knowledge about this issue:
Ronaldo has investment experience and ample resources to acquire outside advisors. At this point, Binance must have known that it was selling unregistered crypto securities.
Binance announced the partnership with Cristiano Ronaldo with great excitement last June.