Is Cristiano Ronaldo suing Binance for promoting 'non fungible tokens'?

NEW YORK (AP) — 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.

How long has Cristiano Ronaldo been on Binance?

Seven months have passed since football icon Cristiano Ronaldo made his NFT debut on Binance.

Did Cristiano Ronaldo's endorsement affect Binance?

Will yours beat it? In a class action lawsuit filed Nov. 28, the plaintiffs argue that Portuguese soccer player Cristiano Ronaldo's endorsement and involvement with Binance resulted in financial losses for the plaintiffs as well as the sale of unregistered securities.

Did Cristiano Ronaldo launch his NFT CR7 collection with Binance?

Binance, the world’s largest cryptocurrency exchange, did not immediately return requests for statement from The Associated Press. Ronaldo launched his inaugural NFT “CR7” collection with Binance in November of last year, ahead of the 2022 World Cup.