Binance Customers Seek Approval to Serve Cristiano Ronaldo with $1 Billion Lawsuit via Social Media
Binance customers are requesting approval from a Florida federal court to serve soccer player Cristiano Ronaldo with a $1 billion proposed class action lawsuit through the social media platform X, formerly Twitter.
In the latest filing, plaintiff Michael Sizemore is seeking authorization to serve Ronaldo via X and email, addressing his current counsel representing him in other federal litigation.
Ronaldo Faces Billion Dollar Class Action Lawsuit for Promoting Binance NFTs
Renowned Portuguese footballer Cristiano Ronaldo is currently facing a billion-dollar class-action lawsuit for promoting non-fungible tokens (NFTs) associated with the troubled exchange Binance.
The lawsuit, filed in the Southern District of Florida in November last year, alleges that Ronaldo’s endorsement of Binance was deceptive and illegal.
Plaintiffs argue that influential figures like Ronaldo led them into risky and costly investments through partnerships with Binance.
The lawsuit claims that Binance engaged in fraudulent activities, including the sale of unregistered securities, with the support of wealthy organizations and global celebrities like Ronaldo.
Ronaldo Continues to Promote Binance Amidst Lawsuit
Ronaldo is still promoting Binance, as evidenced by a post on Binance’s X account on Jan 17. The post features the soccer legend alongside social media influencer Khaby Lame, both wearing Binance merchandise.
It should be noted that Binance has already paid over $4 billion in penalties and restitution to various federal government agencies and admitted to wrongdoing. The former CEO of Binance, Changpeng Zhao, resigned after filing a guilty plea and is awaiting sentencing next month in the US.
Hot Take: Binance Users Seek to Serve $1B Lawsuit to Ronaldo via Social Media
Binance customers are making efforts to serve a $1 billion lawsuit to Cristiano Ronaldo through social media platform X, claiming that his promotion of Binance’s NFTs was deceptive and led to risky investments. Ronaldo continues to endorse Binance despite the ongoing legal battle. This case highlights the potential consequences for celebrities and influencers who associate themselves with fraudulent activities in the crypto industry. It also underscores the growing importance of social media platforms as a means of serving legal documents. As the lawsuit unfolds, it remains to be seen how this will impact Ronaldo’s reputation and the wider implications for celebrity endorsements in the crypto space.
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