International Soccer Star Cristiano Ronaldo Hit With $1,000,000,000 NFT Class-Action Lawsuit

International Soccer Star Cristiano Ronaldo Hit With $1,000,000,000 NFT Class-Action Lawsuit

One of the biggest stars of the most popular sport in the world is being sued in a class action lawsuit over his involvement with Binance non-fungible tokens (NFTs).

According to a new Associated Press report, Portuguese soccer star Cristiano Ronaldo (CR7) is on the receiving end of a $1 billion class-action lawsuit for promoting NFTs issued on Binance.

Last November, CR7 and the world’s largest crypto exchange by trading volume teamed up on an NFT partnership ahead of the 2022 FIFA World Cup in Qatar.

According to a Binance announcement, the partnership produced its second line of NFTs in June of this year called the ‘ForeverCR7 – The GOAT’ NFT collection.

According to ESPN, the lawsuit was filed in South Florida and alleges CR7 unlawfully and deceptively promoted Binance and its products. According to the suit, Ronaldo’s promotion of Binance was highly successful, with the first collection of NFTs selling out in a week.

CR7’s camp has yet to issue a statement. However, as recently as November 28th, Ronaldo has promoted Binance to his 110.3 million followers on the social media platform X.

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