Cristiano Ronaldo Is Getting Sued for Promoting Binance

TL;DR

• Ronaldo teamed up with Binance to promote a series of NFTs in mid-2022.

• The complaint claims that as a result, people were influenced to purchase unregistered securities, including Binance’s BNB token. Which is no bueno.

• The suit also claims that Ronaldo should have known better because he has investment experience and resources for advisors.

• We will see if it has legs…

Full Story

Yesterday, Seb forgot to mute his mic on a group call and was caught singing ​Cotton Eye Joe​.

(And, like, with a weeeird amount of earnestness).

Later that day, our intern, ​Kevin​, claimed he was going to sue for "emotional damage."

His reasoning?

"It'll act as backup if this Cristiano Ronaldo class-action suit I'm a part of doesn't go my way."

We, like you, had no idea what he was on about.

But turns out, Cristiano Ronaldo (the soccer player) has a class-action lawsuit against him.

Here’s how it happened:

Ronaldo teamed up with Binance to promote a series of NFTs in mid-2022.

This launch helped Binance to grow in popularity, onboard people into Web3, and more specifically: onto Binance’s platform.

The complaint claims that as a result, people were influenced to purchase unregistered securities, including Binance’s BNB token. Which is no bueno.

The suit also claims that Ronaldo should have known better because he has investment experience and resources for advisors.

Does the suit have any legs?

No idea, we're not lawyers.

(But it feels like a reach, right?)