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Cristiano Ronaldo receives terrible news in the lawsuit against Binance

Cristiano Ronaldo receives terrible news in the lawsuit against Binance

Cristiano Ronaldo was extraordinary this season in the Saudi Pro League 2023-2024 of Al Nassr. The Portuguese legend scored 32 goals in 27 games. Just fantastic.

On the field, CR7 could finally lift a trophy with his club in the King’s Cup final to be played on May 17. That could realize his dream of leading Al Nassr to collective glory.

The big problem is that Cristiano’s rival will be Al Hilal, the current best team in the league Saudi Arabia. They are undefeated in the league after losing through injury to Neymar.

Now that everything seemed to be going smoothly for Ronaldo, a huge legal problem looms. The star is facing a class action lawsuit and there is bad news on the matter.

Cristiano Ronaldo suffers major legal setback (Getty Images)

Why is Cristiano Ronaldo facing a lawsuit with Binance?

A few months ago, Cristiano Ronaldo was indicted for his participation in a massive marketing campaign by Binancea famous cryptocurrency exchange platform that has sparked huge controversies all over the world.

The plaintiffs in the lawsuit claim that CR7, as part of the company’s promotion, became a key factor for them to invest in Binance. Given all their financial losses, they are looking for historic compensation that would amount to almost $1 billion.

As it happened with many sports stars who were involved in cryptocurrency, for example Tom BradyBinance signed Cristiano Ronaldo to launch their massive campaign in November 2022.

The partnership with NFTs had made Cristiano Ronaldo an attractive investment option. The legend ‘promised’ a large amount of money in profits if they chose to trust Binance. Naturally, prosecutors claim that Cristiano’s impact on social media was the “hook” to deceive thousands.

Cristiano Ronaldo receives a serious legal blow

Now, in a huge setback for CR7the judge in charge of the lawsuit has officially rejected Cristiano’s request to dismiss the case. It is important to remember that the process takes place in the United States.

Miguel Angel Fernandez Castro is a sports writer and analyst at Bolavip US, specializing in NFL, MLB, NBA, College Football, Soccer, Tennis and Golf. With more than 15 years of experience, he has served as an anchor, commentator and reporter at Grupo ACIR Radio in Mexico, covering major global events such as the FIFA World Cup, Super Bowl, FIFA Confederations Cup, World Baseball Classic and Pan American Games . , PGA Tour and ATP Tour. He holds a bachelor’s degree in international relations from the Monterrey Institute of Technology and Higher Education.