Cristiano Ronaldo (38) is in trouble. An advertising deal with the crypto company “Binance” could be unpleasant for the Portuguese in court.
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the essentials in brief
- Cristiano Ronaldo (38) is facing charges because of a crypto advertisement.
- The crypto company “Binance” is currently in court.
- Ronaldo should have known that Binance was selling unregistered securities.
Portuguese football star Cristiano Ronaldo has been sued. The striker promotes the crypto company “Binance”. The problem: The currency exchange registered in the Cayman Islands conducts illegal transactions.
A lawsuit is pending against the company “Binance”. She already had to pay a hefty fine out of court. After an agreement with the US Department of Justice, the cryptocurrency exchange was fined 4.3 billion francs. The reasons for the fines are fraud, money laundering and breaches of sanctions.
Changpeng Zhao, founder and former CEO, has already had to resign. Zhao faces imprisonment and a verdict is expected by February 2024.
Cristiano Ronaldo marketed “Binance”
There is now a class action lawsuit against the Portuguese, reports “Coin Telegraph”. Now three investors who lost a lot of money on the crypto platform have sued the Al-Nassr player.
Have you invested in cryptocurrencies?
The indictment states that because of CR7, many users use the platform for other things. For example, for investing in “non-listed securities”. And that the 38-year-old encouraged his fans to invest with “Binance”.
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2023-12-01 13:32:09
#Cristiano #Ronaldo #stand #trial #crypto
