Ronaldo Sued Over Binance Promotion
Cristiano Ronaldo, the world's top-earning athlete, is embroiled in a billion-dollar class action lawsuit. His involvement with Binance, a cryptocurrency exchange recently fined $4 billion, has led to claims that he aided the sale of unregistered securities.
- Binance faced severe penalties after a settlement with the U.S. government, with its CEO stepping down amid allegations of fraud.
- Other celebrities have also faced lawsuits for endorsing crypto projects, reflecting a growing scrutiny on famous figures promoting financial investments.