Cristiano Ronaldo is facing a proposed class-action lawsuit that claims he played a role in promoting and selling unregistered securities in collaboration with the crypto exchange Binance. The lawsuit argues that Ronaldo’s promotion of his own nonfungible tokens (NFTs) tied to Binance led users to invest in what they allege are unregistered securities, including Binance’s BNB and its crypto yield programs. The complaint contends that Ronaldo’s influence significantly contributed to Binance’s popularity and suggests that he knew or should have known about the alleged sale of unregistered crypto securities by Binance.
