<p>According to sources, Cristiano Ronaldo, a football player for Portugal and the Al Nassr club, is being sued as a class action in the US for his endorsement of Binance, the biggest cryptocurrency exchange globally.</p>
<p>OkayBeary claims that Michael Sizemore, Mikey Vongdara, and Gordon Lewis, the plaintiffs, experienced damages as a result of Cristiano Ronaldo’s promotion of the exchange.<img decoding=”async” class=”alignnone wp-image-293441″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-major-update-on-the-mumbai-ahmedabad-bullet-train-from-the-railway-minister-0x0-7-.png” alt=”theindiaprint.com major update on the mumbai ahmedabad bullet train from the railway minister 0x0 7″ width=”1549″ height=”872″ title=”In the USA, Cristiano Ronaldo is being sued! This Is Why 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-major-update-on-the-mumbai-ahmedabad-bullet-train-from-the-railway-minister-0x0-7-.png 709w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-major-update-on-the-mumbai-ahmedabad-bullet-train-from-the-railway-minister-0x0-7–390×220.png 390w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-major-update-on-the-mumbai-ahmedabad-bullet-train-from-the-railway-minister-0x0-7–150×84.png 150w” sizes=”(max-width: 1549px) 100vw, 1549px” /></p>
<p>In the aforementioned case, which was submitted to a Florida district court on November 27, Ronaldo is charged with actively supporting the economic endeavors of the bitcoin exchange company.</p>
<p>Plaintiffs filed the lawsuit against Defendant Cristiano Ronaldo, who promoted, helped with, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance, on behalf of themselves and all other similarly situated consumers who purchased unregistered securities offered or sold by Binance.</p>
<p>According to the aforementioned claim, Ronaldo should have known that Binance was offering assets that were not authorized given his access to professional guidance and investing understanding. Plaintiffs thus seek damages for their losses.</p>
<p>It went on, “Binance’s collaboration with celebrities like Ronaldo was obviously intended to leverage the favorable reputation associated with particular celebrities to persuade customers that Binance was a secure location to buy and sell cryptocurrency.”</p>
<p>Ronaldo and Binance began working together in 2022. Since then, Binance has seen a 500% rise in internet searches due to the player’s massive social media presence—over 850 million across platforms.</p>
