• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Ronaldo Faces $1bn Lawsuit For Promoting NFTs

by Agency Report
2 years ago
in Sport
Cristiano Ronaldo
Share on WhatsAppShare on FacebookShare on XTelegram

Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance.

Advertisement

The lawsuit filed in federal court in the Southern District of Florida Monday alleges that Ronaldo’s promotion of Binance was “deceptive and unlawful.” Binance’s partnership with high-profile figures like Ronaldo, the plaintiffs claim, led them into costly and unsafe investments.

“Evidence now reveals that Binance’s fraud was only able to reach such heights through the offer and sale of unregistered securities, with the willing help and assistance of some of the wealthiest, powerful and recognized organizations and celebrities across the globe — just like Defendant Ronaldo,” the suit reads.

Ronaldo launched his inaugural NFT “CR7” collection with Binance in November of last year, ahead of the 2022 World Cup. The NFTs — which had starting prices ranging from the equivalent of about $77 to $10,000 — featured seven animated statues depicting Ronaldo from iconic moments in his life, from bicycle-kick goals to his childhood in Portugal.

Monday’s suit says that the promotional efforts of Ronaldo’s Binance partnership were “incredibly successful” — alleging a 500% increase in online searches using the keyword “Binance” after the soccer star’s NFTs was announced. The collection’s premium-level NFTs sold out within the first week, the suit claims.

RELATED

Lost Glory: NPFL’s Renewed Battle For Recognition

Lost Glory: NPFL’s Renewed Battle For Recognition

23 minutes ago
Tyson, Mayweather Set To Fight In Exhibition Boxing Match

Tyson, Mayweather Set To Fight In Exhibition Boxing Match

24 minutes ago
ADVERTISEMENT

The suit also alleges that Ronaldo should’ve disclosed how much Binance has paid him for the partnership. The U.S. Securities and Exchange Commission previously noted that federal law requires celebrities to publicly disclose how much they’re getting paid to promote securities, including crypto assets.

NFTs are ordinary digital images with an attached version number that have been added to a cryptocurrency blockchain, a process designed to make them “unique” collectibles. NFTs enjoyed a brief boom, but have since largely collapsed in value as the crypto industry has been marred by scandals and market meltdowns.


Join Our WhatsApp Channel



Tags: Cristiano Ronaldo
SendShare10179Tweet6362Share
ADVERTISEMENT
Previous Post

Bala Mohammed Presents N300.2bn Budget To Bauchi Assembly

Next Post

Trace Live Close Out 2023 With ‘Show Dem Camp’ Performance

Agency Report

Agency Report

You May Like

Lost Glory: NPFL’s Renewed Battle For Recognition
Sport

Lost Glory: NPFL’s Renewed Battle For Recognition

2025/09/06
Tyson, Mayweather Set To Fight In Exhibition Boxing Match
Sport

Tyson, Mayweather Set To Fight In Exhibition Boxing Match

2025/09/06
India 2022: Flamingos To Play Germany, Chile And New Zealand In Group Stage
Sport

2025 FIFA U17 Women’s World Cup: Flamingos Resume Camping Sunday

2025/09/06
2026 FIFA WCQ: Gabonese Officials To Take Charge of South Africa Vs Nigeria
Sport

2026 FIFA WCQ: Gabonese Officials To Take Charge of South Africa Vs Nigeria

2025/09/06
Dorcas Koki Joins Nigeria U17 Women’s Team As Media Officer
Sport

Dorcas Koki Joins Nigeria U17 Women’s Team As Media Officer

2025/09/06
NPFL To Penalise Coaches For Skipping Post-Match Media Interviews
Sport

Explosive Northwest Derby Headlines NPFL Matchday 3 Fixtures

2025/09/06
Leadership Conference advertisement

LATEST

The Killer Touts Of Abuja: When Revenue Collection Becomes Murder

Trust Neccessary Catalyst For Business Development — Komaiya

Floral Statement Earrings, The Ultimate Power Accessory Of The Season

Pheelz, Fireboy DML Set To Release Joint EP “Peace by Piece”

It’s Unfair To Exclude Tems From Afrobeats Big 3 – Tiwa Savage

Lost Glory: NPFL’s Renewed Battle For Recognition

Tyson, Mayweather Set To Fight In Exhibition Boxing Match

2025 FIFA U17 Women’s World Cup: Flamingos Resume Camping Sunday

WCQ: Nigeria Face Rwanda In Make-Or-Break Match Today

2026 FIFA WCQ: Gabonese Officials To Take Charge of South Africa Vs Nigeria

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.