Ronaldo was accused of fraud, sued for $ 1 billion, Messi seized the opportunity to become a "tycoon"

Cristiano Ronaldo is in trouble for being a defendant in a class-action lawsuit. The Portuguese football superstar participated in advertising for the Binance cryptocurrency exchange. At the same time, Messi has taken a new step in his career.

According to Forbes , several investors filed lawsuits, accusing Cristiano Ronaldo of participating in and assisting Binance in selling unregistered securities despite knowing the risks. The Portuguese superstar regularly promotes Binance and NFT collections on his profile that has more than 840 million followers. With the reputation of the world's top sports star, Ronaldo is said to help Binance earn millions of investors.

According to Cointelegraph, Ronaldo started working with Binance in mid-2022. In November 2022, CR7 launched its first personal NFT collection in an exclusive multi-year partnership. The complaint says the collection leads users to many other Binance purposes.

"Ronaldo's promotions have assisted Binance in attracting users to invest in unregistered securities. They encourage millions of CR7 followers, fans, and supporters to participate in the platform," the plaintiff stated.

Not stopping there, Ronaldo was also accused of abetting fraudulent acts, converting illegal cryptocurrencies of Binance. The superstar born in 1985 remained silent and did not delete posts about the cryptocurrency exchange.

Previously, Binance was investigated for a series of violations of articles in the US Commodity Exchange Act. On November 22, Changpeng Zhao, the founder of Binance, admitted to money laundering charges and had to step down as CEO of this virtual currency exchange. Binance was also found guilty of violating the Bank Secrecy Act and ordered to pay $4 billion in damages.

Ronaldo should be worried because earlier, another celebrity, Kim Kardashian, was also fined $ 1.26 million by the US Securities and Exchange Commission (SEC) at the end of 2022, just for a post promoting EthereumMax, a virtual currency that involved a series of price pumping, dumping.

Meanwhile, on November 28, Binance and Ronaldo posted a message on X that they will continue to collaborate, with a behind-the-scenes video of a new project.

CR7's announcement quickly garnered 24.6 million views, over 205K likes and 6.5K comments. On Binance accounts, the video also has 25 million views after a day of posting.

Changpeng Zhao, founder of Binance, commented: "Cryptocurrencies will change the sports economy." Below the post, he attached an image of the Portuguese football star.

Meanwhile, regarding Binance, on November 28, the Philippine Securities and Exchange Commission announced to block access to the exchange's services and advised users to withdraw money from the exchange.

Reuters reported that Philippine authorities also asked Google and Meta to ban online advertising for Binance there. Those involved in advertising could face up to 21 years in prison.

While Ronaldo has been accused of abetting the fraudulent practices of cryptocurrency exchange Binance, Argentine star Lionel Messi has launched a new line of drinks with the MM Winemaker brand in Italy with Diamante, Titanio, Platino and GOAT 10.

These bottles of wine cost between 32 and 495 euros. MM Winemaker has announced on its Instagram account a wine collection called Lionel Collection with the above types of products. The most expensive bottle is the Lionel Diamond, which costs 495 euros, while the Titanium is 110 euros and the GOAT 10 is 32 euros.

It is even more worth mentioning that this is the beginning of Messi's long-term plan to quickly make his dream of becoming a wine tycoon come true, with the cooperation from MM Winemaker.

Ronaldo achieved Youtube diamond button after 11 hours of opening channel, still lost to Messi in 1 thing Keng17:13:23 22/08/2024On the evening of August 21 (Vietnam time), Portuguese football superstar Cristiano Ronaldo launched his personal YouTube channel and quickly had more than 10 million subscribers in less than half a day after its creation.