Cristiano Ronaldo faces $1bn lawsuit over Binance ads

Retro

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When are people gonna realise that cryptocurrency is a scam? The perpetrators constantly whip up a frenzy to big up the price to a sharp peak and then pull the rug, making the asset worthless in an instant, netting themselves millions. Incredibly, this fraud is actually legal! :rolleyes:

Ronaldo's gonna feel that if he loses. He's loaded beyond your wildest imagination though, so don't feel too sorry for him.

Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world.

The plaintiffs claim his endorsement led them to make loss-making investments.

They are seeking damages of "a sum exceeding" $1bn (£790m).

The cheapest NFT from the collection was priced at $77 when it went on sale in November 2022 - but one year later, it was priced at about $1.
See what I mean? Steer clear of crypto unless you're the scammer.

 
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