CAN - NFT Buyers Sue Cristiano Ronaldo in the Wake of Binance Settlement with US Authorities
Football icon Cristiano Ronaldo is facing a class action lawsuit in the United States regarding his association with Binance. The plaintiffs contend that Ronaldo’s endorsement persuaded them to engage in investments that ultimately incurred losses, and they are seeking damages exceeding $1 billion.
In November 2022, Binance launched its first “CR7” collection of NFTs, a partnership with Ronaldo aimed at rewarding fans for their longstanding support. NFTs, essentially digital assets devoid of tangible existence, are...
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