Cristiano Ronaldo hit with class action lawsuit for promoting Binance and unregistered securities

Football star Cristiano Ronaldo is hit with a class action lawsuit. The plaintiffs allege they suffered losses from Binance, the cryptocurrency exchange promoted by Ronaldo, saying Ronaldo "cooperated with Binance to promote, assist and/or actively participate in the issuance and sale of unregistered securities." The plaintiffs said users who registered for Ronaldo’s NFT products were more likely to use Binance to invest in unregistered securities, including Binance’s BNB and its crypto-yield plans. (Cointelegraph)