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🚨💥 Class-Action Suit Against Cristiano Ronaldo for Promoting Binance NFT.
A class-action lawsuit has been filed against international football player Cristiano Ronaldo, claiming that investor losses resulted from his support of the cryptocurrency exchange Binance. Ronaldo is accused in the case of actively encouraging and taking part in the sale of unregistered securities on the Binance platform. The lawsuit was filed on November 27th in a Florida District Court.
Ronaldo signed a multi-year deal with Binance, a well-known cryptocurrency exchange, to promote his non-fungible token (NFT) collections. According to the lawsuit, this collaboration and Ronaldo's enormous popularity and reach lured unwary investors to Binance, where they were tricked into making unregistered securities investments.
Ronaldo and Binance collaborated to market a number of his non-fungible tokens (NFTs). These NFTs were connected to Binance's platform; they are digital collectibles that signify ownership of unique objects. The collaboration sought to exploit Ronaldo's enormous reach and popularity to draw new users to Binance.
#Ronaldo: #NFTMarketTrends #NFT #binannce #BTCNEWS99
A class-action lawsuit has been filed against international football player Cristiano Ronaldo, claiming that investor losses resulted from his support of the cryptocurrency exchange Binance. Ronaldo is accused in the case of actively encouraging and taking part in the sale of unregistered securities on the Binance platform. The lawsuit was filed on November 27th in a Florida District Court.
Ronaldo signed a multi-year deal with Binance, a well-known cryptocurrency exchange, to promote his non-fungible token (NFT) collections. According to the lawsuit, this collaboration and Ronaldo's enormous popularity and reach lured unwary investors to Binance, where they were tricked into making unregistered securities investments.
Ronaldo and Binance collaborated to market a number of his non-fungible tokens (NFTs). These NFTs were connected to Binance's platform; they are digital collectibles that signify ownership of unique objects. The collaboration sought to exploit Ronaldo's enormous reach and popularity to draw new users to Binance.
#Ronaldo: #NFTMarketTrends #NFT #binannce #BTCNEWS99
Cristiano Ronaldo Sued for Promoting Binance
Global football superstar Cristiano Ronaldo is facing a lawsuit filed in a Florida District Court on Nov. 27, 2023, for promoting Binance. The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, claim they suffered losses because Ronaldo promoted the exchange. The platform is accused of not undertaking proper anti-money laundering measures. Moreover, the exchange was recently asked to pay US authorities $4.3 billion in settlements.As per the filing, Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.“The footballer entered a multi-year partnership with the exchange in mid-2022. As per the partnership, Ronaldo would promote a series of his own NFTS (Non-Fungible Tokens). Additionally, as per the filing, users who signed up for the NFT collection claim they were more likely to use the exchange for other purposes, such as buying unregistered securities. The unregistered securities include the BNB token and the exchange’s yield programs.The filing states, “Ronaldo’s promotions solicited or assisted Binance in soliciting investments in unregistered securities by encouraging his millions of followers, fans, and supporters to invest with the Binance platform.“What more does the lawsuit claim about Ronaldo and Binance?As per the lawsuit, Ronaldo allegedly knew or should have known about “Binance selling unregistered crypto securities.” Furthermore, the lawsuit claims that the footballer has “investment experience and vast resources to obtain outside advisers.“Moreover, the suit cited the SEC’s (Securities and Exchange Commission) warning to celebrities regarding disclosing payments received for promoting cryptocurrencies. The plaintiffs claim that Ronaldo did not disclose payments received from Binance.Ronaldo’s lawsuit is the latest turn in the Binance saga. The platform’s CEO, Changpeng Zhao (CZ), recently pleaded guilty to money-laundering charges and agreed to step down as the company’s head.#BinanceTournament #Ronaldo:
Binance's New CEO Meets #Khabib and #Ronaldo: Partnership Hint?
Yesterday, the Formula 1 Grand Prix in Abu Dhabi not only showcased high-speed racing but also brought together unexpected faces.
#RichardTeng , the new CEO of #Binance , was spotted alongside mixed martial arts legend Khabib Nurmagomedov and soccer icon Ronaldo "Fenomeno."
In line with the contemporary sports scene, crypto company logos, including Binance's, were prominently featured on advertising banners. The interaction between Teng and the sports legends immediately fueled speculation on social media about a potential collaboration between the #crypto exchange giant and the two athletes.
Yesterday, the Formula 1 Grand Prix in Abu Dhabi not only showcased high-speed racing but also brought together unexpected faces.
#RichardTeng , the new CEO of #Binance , was spotted alongside mixed martial arts legend Khabib Nurmagomedov and soccer icon Ronaldo "Fenomeno."
In line with the contemporary sports scene, crypto company logos, including Binance's, were prominently featured on advertising banners. The interaction between Teng and the sports legends immediately fueled speculation on social media about a potential collaboration between the #crypto exchange giant and the two athletes.
