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Soccer Star Cristiano Ronaldo Faces $1B Class Action Suit Over Binance Endorsement

The suit alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance."

Cristiano Ronaldo, now playing with Al Nassr FC, on Nov. 27 at King Saud University Stadium in Riyadh, Saudi Arabia. (Photo by Khalid Alhaj/MB Media/Getty Images)
Cristiano Ronaldo, now playing with Al Nassr FC, on Nov. 27 at King Saud University Stadium in Riyadh, Saudi Arabia. (Photo by Khalid Alhaj/MB Media/Getty Images)