Cristiano Ronaldo Sued for Promoting Binance: Allegations of Financial Violations and Lawsuit Demands $1 Billion

2023-11-29 18:18:06

Portuguese Al Nassr star Cristiano Ronaldo is being sued after promoting cryptocurrency exchange Binance. This company is accused of violating American financial laws.

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Thus, the Portuguese would have caused significant financial losses to certain users who are demanding $1 billion in damages.

Binance, the leading crypto platform, has continued to pile up charges in recent days as part of a huge trial in the United States. We are talking about financing of terrorism, money laundering, willful disregard of the law, fraud, conflicts of interest and sale of unregistered securities.

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Concerning Ronaldo, the Portuguese player faces a class action filed by several plaintiffs before the Florida court on Monday, November 27. The plaintiffs accuse him of having promoted the platform internationally knowing that the latter was selling unregistered titles and of having thus caused them to suffer significant financial losses, through his influence.

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Damages in the amount of 1 billion dollars (910 million euros) are claimed.

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