Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance NFT Promotion, Potential $750,000 Settlement

Cristiano Ronaldo is embroiled in a $1 billion lawsuit, accused of promoting Binance’s unregistered securities and illegal operations in the United States. The lawsuit alleges Ronaldo’s celebrity endorsement contributed to driving traffic and investors to the platform. With recent legal standards in mind, the plaintiffs argue that promoters like Ronaldo can be held liable for mass solicitations of cryptocurrency. To potentially avoid a public trial, Ronaldo may settle the case for $750,000. Source: Bitcoinist.com