Ronaldo sued in US for $1bn over his promotion of crypto exchange Binance
November 30 – Cristiano Ronaldo is in the news again, this time named in a $1billion class action lawsuit in the United States over his involvement with Binance , the largest cryptocurrency exchange in the world.
The plaintiffs claim his endorsement led them to make loss-making investments and are seeking damages of “a sum exceeding” $1 billion.
The Portuguese superstar joined forces with Binance on a sponsorship deal in June 2022
The exchange has been branded “a significant risk” to consumers by the Financial Conduct Authority.
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