Binance Users File Lawsuit Requesting Cristiano Ronaldo’s Accountability for Investment Losses

Portuguese footballer Cristiano Ronaldo is once again facing criticism from Binance users, who have filed a class-action lawsuit seeking a minimum of $1 billion in damages. The lawsuit accuses Ronaldo of endorsing non-fungible tokens (NFTs) linked to the troubled cryptocurrency exchange Binance.

The conflict began on January 16, when affected users took legal action against Ronaldo, alleging that they lost their investments due to his promotion of Binance. The users have resorted to the court as it has proven difficult to reach the renowned player directly. The users’ proposal involves sending emails, utilizing X, and publishing on a website, claiming that this method complies with international contracts and provides proper notice to the defendant. The users’ main grievance stems from Ronaldo’s current location in Saudi Arabia.

Tags: Binance