The billion-dollar trial that threatens Cristiano Ronaldo

But who wants Cristiano’s skin?

The first gift in CR7’s Advent calendar looks like a poisoned gift. As the announcement BBC, the Portuguese risks a trial in the United States for having promoted NFTs (non-fungible tokens), these unique virtual objects, which only have the value given to them, which he had created in partnership with the company Binance, specializing in cryptocurrency. What the Al-Nassr player is accused of by the complainants and the SEC (Securities and Exchanges Commission), the policeman of the Stock Exchange, is for not having communicated on his remuneration concerning this partnership, which is obligatory to USA.

A problem of transparency is therefore at the origin of the lawsuit filed. The fact that Cristiano Ronaldo promoted these products increased searches related to Binance and its activities by 500%. The plaintiffs are demanding, in total, more than a billion dollars in compensation, given that these NFTs, estimated at $77 when purchased in November 2022, are now worth one dollar, and that the buyers were misinformed on the risks involved.

NFTs lead to the FBI.

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