Cristiano Ronaldo sued for $1 billion in US courts

Cristiano Ronaldo faces $1 billion lawsuit over Binance crypto ads.

It is alleged that their advertisements induced them to invest in crypto on the platform and they suffered huge losses.

In November 2022, Binance has announced its first 'CR7' collection of non-fungible tokens in partnership with Cristiano.

The lawsuit claims Ronaldo should have known that Binance was selling crypto.

With 850 million followers on social media, Ronaldo was a part of Binance's growing popularity due to his influence and reach.

Their sale of NFTs is alleged to have been “incredibly successful” in promoting the exchange.

It received a 500% increase in Binance searches in the week following the Ruati sale.

The lawsuit demands damages of more than $1 billion.

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