‘Ssssuuuueeeed’ – Fans flood in hilarious responses as Cristiano Ronaldo gets SUED for promoting crypto platform Binance
Ronaldo endrosed Binance, despite US financial authorities labeling the company as a 'significant risk'.
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Ronaldo extended invitation to fans to invest in Binance (via Stuff South Africa)
Portuguese star, Cristiano Ronaldo has been sued by three individual users of cryptocurrency exchange platform, Binance. The three users filed a class-action lawsuit against the footballer, after suffering losses while purchasing unregistered securities sold by the firm.
In June 2022, Ronaldo signed a multi-million dollar sponsorship deal with the China-based crypto exchange platform, Binance. The company which started operations back in 2017, was already under a series of investigations being conducted by the governments of the USA and UK, on charges of money laundering and tax offenses. The company recently pleaded guilty to all those charges and claimed to have engaged in unlicensed transfers.
Ronaldo was signed by Binance to promote its services and appear in commercial advertising. All three plaintiffs claimed to have suffered losses after they invested in the unregistered securities, following Ronaldo’s endorsement of the company’s services. The plaintiffs also claimed that Ronaldo had prior knowledge of the regulations that Binance had violated, but chose not to inform his social media followers about the risks involved.
The news of Ronaldo being named in the lawsuit, was instantly shared online and fans heavily reacted to it, as fears of a potential trial in the US state of Florida keep growing. Critics also pointed out the fact that this is the second legal involvement of Ronaldo in the US, after courts recently rejected lawyers’ demand for more settlement money in the 2010 s*xual assault case involving Ronaldo.
‘X’ users react to the news of Ronaldo’s alleged involvement in a financial fraud
Cristiano Ronaldo, the Al Nassr star, has been named in a lawsuit filed by users of the cryptocurrency exchange platform, Binance. Ronaldo has been charged with promoting the firm and its fraudulent services, as a result of which many of his fans and subsequent investors suffered losses.
Binance has been charged with money laundering other fraudulent financial dealings, as a result of which it has been asked to pay $4.3 billion to the US authorities. Ronaldo, who has been associated with the company for promotion and advertisement, was charged with misleading his fans and followers. The news took ‘X‘ by fire, as critics hilariously transformed the player’s iconic ‘Sui’ celebration to the word ‘Sued’. Some of ‘X’ reactions are as follows:
Ronaldo’s fans though came out in support of the player, claiming that he was not associated with Binance’s internal affairs, and could not be charged for promoting the firm. They exclaimed that the users who suffered losses should have taken care of their personal financial transactions themselves, rather than blaming the player.
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Gerard Crispin
(3318 Articles Published)