Coin

<ul class="news-points"> 
 <li>Footballer Cristiano Ronaldo has been sued by three investors for promoting Binance’s unregistered sale of securities.</li> 
 <li>The investors allege that Ronaldo has been responsible for their losses as his promotions prompted them to invest in Binance.</li> 
 <li>The complaint claims that Ronaldo should have known about Binance’s sale of unregistered securities.</li> 
</ul> 
Portuguese footballer Cristiano Ronaldo has been <a href="https://www.law360.com/media/articles/1770334/soccer-star-ronaldo-hit-with-1b-suit-over-binance-promo" target="_blank" rel="nofollow">sued</a> for actively promoting and participating in the sale of the deemed unregistered securities of Binance. In a $1 billion proposed class action lawsuit filed on November 27, three investors, claiming to have suffered losses from Binance, accused Ronaldo of being partially responsible for their losses. 
Reportedly, Ronaldo entered into a strategic partnership with Binance last year, promoting<a href="https://coinedition.com/binance-nft-marketplace-releases-cr7-nft-collections-today/"> </a><a href="https://coinedition.com/binance-nft-marketplace-releases-cr7-nft-collections-today/">Binance’s NFT collections</a>. The lawsuit alleged that Ronaldo’s fame and influence had driven Binance to reach remarkable heights, prompting his 850 million+ followers to invest in the exchange. The plaintiffs argued, 
<blockquote class="wp-block-quote"> 
 Ronaldo’s promotions solicited or assisted Binance in soliciting investments in unregistered securities by encouraging his millions of followers, fans, and…
</blockquote>
The post <a href="https://coinedition.com/cristiano-ronaldos-partnership-with-binance-results-in-a-lawsuit/">Cristiano Ronaldo’s Partnership with Binance Results in a Lawsuit</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Cristiano Ronaldo’s Partnership with Binance Results in a Lawsuit

Coin Edition

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