Cristiano Ronaldo is facing a billion-dollar lawsuit for promoting a company

Cryptocurrencies are in vogue despite the instability of their value.

The Portuguese footballer Cristiano Ronaldo facing a class action lawsuit billion dollars for emphasis Binance the biggest bag of cryptocurrencies in the world and who recently had trouble violating the laws against money laundering and the regulation of the securities markets in the United States.

Cryptocurrencies Are In Vogue Despite The Instability Of Their Value.

The plaintiffs accused the current Al-Nassr footballer in Saudi Arabia of aiding and actively participating in the offer and sale of unregistered securities in coordination with Binance, after 2022, CR7 collaborated with that company to launch the first collection of cryptocurrencies (NFT) , which lost value over time, because one that was worth 77 dollars at the time is now valued at one.

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Cr7 Signed An Agreement With Binance In 2022.

“Given Mr. Ronaldo’s investment experience and his extensive resources in hiring outside advisors, he knew or should have known of potential concerns about Binance trading unregistered shares. crypto securities and/or that it aids and abets the fraud and/or alteration of Binance,” the lawsuit reads.

This partnership between Cristiano and Binance also involves publications on his social networks, such as that made by ‘Bicho’ on November 28 where he gave hints about a new project with his business partner.

The Portuguese Launched A Collection Of Nfts With Prices Up To 10 Thousand Dollars.

“The evidence now reveals that the Binance fraud was only able to reach such heights through the offer and sale of unregistered securities, with the help and voluntary assistance of some of the richest, most powerful and well-known organizations and celebrities around the world, such as the accused Ronaldo,” the plaintiffs added.

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