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2 Dec 2023

Cristiano Ronaldo Faces US$1B Lawsuit Over Binance NFT Promotion

Portuguese footballer Cristiano Ronaldo faces a class-action lawsuit alleging at least $US1bn in damages for promoting Binance's NFT 'CR7' collection, labeled deceptive and unlawful. The lawsuit, lodged in the Southern District of Florida, targets Binance's strategy to partner with celebrities, leading plaintiffs into risky investments. [Source](https://www.theguardian.com/football/2023/dec/01/cristiano-ronaldo-faces-us1bn-lawsuit-for-promoting-binance-nfts)