Cristiano Ronaldo faces $1bn lawsuit over Binance ads

[Retro]

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!

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.

Cristiano Ronaldo faces $1bn lawsuit over Binance ads

US class action lawsuit seeks huge damages for his promotion of the world's largest crypto exchange.

www.bbc.co.uk