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Ryan Dabbs

Cristiano Ronaldo involved in $1bn lawsuit, after 'next-level' claim went horribly wrong

Cristiano Ronaldo Lawsuit Binance Gary Gensler Manchester United

Cristiano Ronaldo of Al Nassr FC reacts during the warm up ahead of the Saudi Pro League match between Al-Nassr and Al-Khaleej at King Saud University Stadium on November 04, 2023 in Riyadh, Saudi Arabia. (Photo by Justin Setterfield/Getty Images).

Cristiano Ronaldo is involved in a $1bn (£790m) class action lawsuit in the United States due to his affiliation with Binance, the cryptocurrency exchange.

In November 2022, Binance released a CR7 range of non-fungible tokens (NFTs) in collaboration with Cristiano Ronaldo, which the former Manchester United forward claimed would "change the NFT game and take football to the next level" while announcing the partnership on social media.

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