Soccer legend Cristiano Ronaldo faces a $1 billion class action lawsuit related to his commercial relationship with cryptocurrency exchange Binance.

The lawsuit, dated November 28 and filed in the Southern District Court of Florida, in Miami, alleges that Ronaldo “promoted, assisted and/or actively participated in the offering and sale of unregistered securities coordinate with Binance. "

The action purports to represent “consumers who purchased unregistered securities offered by Binance.” The lead plaintiff was identified as Michael Sizemore, a California resident who allegedly purchased unregistered securities from Binance “after being exposed to some or all of the defendant's misrepresentations and omissions.” related to the Binance platform”.
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JUST IN: Cristiano Ronaldo sued for promoting Binance 😳

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