{
    "id": "10817",
    "author": "23",
    "title": "Cristiano Ronaldo Facing Lawsuit Over Promotion Of Binance",
    "lang": "en",
    "series": "23",
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    "article_type": "general",
    "excerpt": "Cristiano Ronaldo: Al Nassr club and Portugal footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world, said reports.",
    "subtype": null,
    "editor1": "Cristiano Ronaldo: Al Nassr club and Portugal footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world, said reports.<p>According to OkayBeary the plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis and claimed that they suffered losses because Cristiano Ronaldo promoted the exchange.<\/p>\r\n\r\n<p>The said lawsuit was filed on November 27 in a Florida district court, accusing Ronaldo of active participation in the cryptocurrency exchance firm's business drive.<\/p>\r\n\r\n<p>The lawsuit filing stated,\"Plaintiffs file this Complaint on behalf of themselves, and all other similarly situated consumers who purchased unregistered securities offered or sold by Binance, 1 against Defendant, Cristiano Ronaldo, who promoted, assisted in, and\/or actively participated in the offer and sale of unregistered securities in coordination with Binance.<\/p>\r\n\r\n<p>The said lawsuit says that Ronaldo - with his access to investment knowledge and expert advice - should have known that Binance was selling unlicensed securities. Hence, plaintiffs want compensation for their losses.<\/p>\r\n\r\n<p>\u201cBinance\u2019s partnership with celebrities like Ronaldo was clearly designed to use the positive reputation associated with specific celebrities to convince consumers that Binance was a safe place to buy and sell cryptocurrency,\u201d it further added.<\/p>\r\n\r\n<p>Ronaldo's collaboration with Binance started in 2022. Since then, thanks to the player's enormous social media presence - over 850 million across platforms - Binance saw a 500% increase in online searches.<\/p>\r\n\r\n",
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    "alt_title": "Ronaldo talks up Saudi football despite heavy defeat to Celta Vigo",
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    "seo_title": "Cristiano Ronaldo Facing Lawsuit Over Promotion Of Binance On Cricketnmore",
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    "created": "2023-11-29 21:34:03",
    "updated": "2023-11-29 21:34:03",
    "img_from": "Image Source: IANS",
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    "news_keywords": "Cristiano Ronaldo, New Delhi, Al Nassr, Michael Sizemore, Mikey Vongdara, Gordon Lewis",
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