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Sport

Cr7 in trouble, sued for defrauding investors through cryptocurrencies, here's the crazy figure being asked

Cr7 in trouble, sued for defrauding investors through cryptocurrencies,

The Portuguese had reached a commercial deal with Binance, the world's largest cryptocurrency exchange that is under legal investigation in the US.

Faced with new but also completely unpredictable troubles, Cristiano Ronaldo finds himself and his problems are once again located in the United States.

Where just a few days ago he finally (?) avoided being accused of raping Kathryn Mayorga, now he's facing a class action lawsuit from defrauded investors in… the murky world of cryptocurrency.

What does CR7 have to do with digital currencies?

Since June 2022, the Portuguese is one of the central figures in the aggressive marketing of the company Binance, which is the largest cryptocurrency exchange in the world.

The company, founded by the Chinese Zhangpeng Zhao, became huge in a short period of time (taking advantage of the frenzy that prevailed in the previous two years for cryptocurrencies), but soon found itself the target of the authorities... And the investigations brought to the surface a set of violations that resulted at one time

As the trial in the US continues, Zhao has already pleaded guilty to "violating US anti-money laundering laws" and is a former company he founded.

At the same time, Binace, after admitting the violation of laws, has already agreed to pay damages of 4.3 billion dollars (3.92 billion euros) and it is very likely that this amount will increase even more.

Why do they blame Ronaldo?

However, a group of scammed investors who had put their money into Ronaldo's NFT (which he was promoting through his wider partnership with Binance) after hearing him urge them to "join the community and the Binace platform", decided to make a move against him. filing a class action lawsuit seeking $1 billion (€920 million) in damages.

Ronaldo's cooperation with the company is active, but the plaintiffs are dealing with what happened in recent months where the ace of Al Nast according to what is mentioned in the lawsuit "promoted, assisted and/or actively participated in the offer and sale of unregistered, letters worth in coordination with Binance”.

They then point out that CR7 has engaged in “…a sustained and aggressive promotional and advertising campaign for Binance”, with the plaintiffs arguing that the popularity of the footballer – who has 110.3 million followers on X (formerly Twitter) and a 613 million followers Instagram extension – helped grow Binance's user base.

Evidence provided by the plaintiffs says that Ronaldo's NTF sold out in no time and the next week internet searches about the company showed a 500% increase!

The complainants also believe that "as a paid representative, he should have disclosed any payment he received for promoting cryptocurrencies, as required by US Securities and Exchange Commission guidelines," also leaving points for evasion. fiscal.

But despite the seriousness of the allegations, Ronaldo doesn't seem too concerned as last week he posted a competition video via Binacce inviting his followers to take part…