Cristiano Ronaldo, the star of Portuguese soccer, is facing a class-action lawsuit that aims to recover at least $1 billion from him for his part in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, that were released by the troubled cryptocurrency exchange Binance.
The lawsuit claims that Ronaldo’s endorsement of Binance was “deceptive and unlawful,” and it was filed on Monday in federal court in the Southern District of Florida. The plaintiffs contend that Binance’s affiliation with well-known individuals like Ronaldo propelled them into costly and unsafe investments.
