Al-Marsad newspaper: A number of people filed a class-action lawsuit before the Florida District Court against Al-Nasr player Cristiano Ronaldo, during which they said that they incurred losses due to his advertising and promotion in his accounts of the Binance platform specializing in cryptocurrency trading.
Promote the platform
The lawsuit stated that Ronaldo was a key part of Binance’s growing popularity due to his influence and reach, with 850 million followers across social media.
She noted that Ronaldo’s NFT sales were “incredibly successful” in promoting the exchange, with a 500% increase in searches for Binance in the week following the initial sale.
The lawsuit alleges that Ronaldo knew or should have known “about Binance’s sale of unregistered crypto securities” because he had “extensive investment experience and resources to obtain outside advisors.”
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