Cristiano Ronaldo May Settle Binance Lawsuit For $750K To Avoid Public US Trial
Summary
Soccer star Cristiano Ronaldo is involved in a class-action lawsuit indicating investor damages due to his endorsement of cryptocurrency exchange Binance. The suit asserts that Ronaldo's promotion of his non-fungible token (NFT) collections led investors to make unlawful securities investments. Ronaldo possibly may need to settle the case for $750,000 to evade a public trial. The lawsuit, brought to a Florida District court, accuses Ronaldo of contributing to the sale of "unregistered securities" made possible by Binance's platform. Legal experts compare the situation to other legal challenges faced by celebrities like Shaquille O’Neal, Floyd Mayweather, and DJ Khaled, who settled similar claims for around $750,000.
