![]() The digital collectibles had starting prices ranging from around $77 to $10,000. Each scarce NFT depicted Ronaldo in an iconic pose, including his early years growing up in Portugal, breakout trick moves like his legendary stepover, and career-defining bicycle kick goals. The premium NFT series featured seven animated digital statues capturing seminal moments from Ronaldo's illustrious career. Last November, Ronaldo released his first-ever NFT collection, dubbed “CR7,” in partnership with Binance ahead of the 2022 World Cup. Ronaldo’s investment experience and vast resources to obtain outside advisors, he knew or should have known of potential concerns about Binance selling unregistered crypto securities and/or that he was aiding and abetting Binance’s fraud and/or conversion." “Ronaldo’s promotions solicited or assisted Binance in soliciting investments in unregistered securities by encouraging his millions of followers, fans, and supporters to invest with the Binance platform,” the lawsuit states. ![]() They claim that over 100 million Binance users were exposed to Ronaldo’s advertisements, including on TV and social media. The plaintiffs meanwhile argue that Ronaldo benefited financially from driving traffic to Binance and should have known his promotions were potentially illegal. Earlier in November, Binance paid over $4 billion in penalties related to these activities. ![]() The lawsuit cites Binance's extensive alleged violations, including operating an unregistered exchange and clearing agency, failing to file suspicious activity reports, and not implementing anti-money laundering controls.
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