One of the world's footballing greats, Cristiano Ronaldo, has been named in a class action lawsuit in the US for his promotion of the crypto exchange Binance. Binance was in the news most recently after the CEO stepped down and both he and the company pleaded guilty to money laundering charges in the US and accepted a whopping $4.3 billion fine.
The lawsuit is being brought on behalf of plaintiffs who claim Ronaldo's endorsement of the company led them to invest in crypto and lose money, as reported by the BBC. Fairly straightforward, though the money being sought—"a sum exceeding $1bn"—may give even a global superstar some pause.
