Cristiano Ronaldo Hosts NFT Holders for Friendly Match Amid Binance Lawsuit

Published: Jan 26, 2024
Written By:
Vignesh Karunanidhi
Milk Road Writer

Soccer legend Cristiano Ronaldo recently hosted several NFT holders for a friendly match. Through his collaboration with cryptocurrency exchange Binance to offer exclusive access, the most recent video from Binance delivers on its promises.

This latest video comes at a time when he is facing an ongoing lawsuit in Florida alleging illegal promotion of securities.

Key Developments:

  • Ronaldo trained NFT fans alongside other footballers.
  • It occurred amid a lawsuit over touting Binance offerings.
  • Accused of abetting the sale of unregistered securities.
  • Plaintiffs struggle to officially serve notice to Ronaldo.

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Launched last year, Ronaldo’s NFT drops include rights to meet or play with the legendary athlete. The latest video showed him honoring that perk for select token holders.

However, not all fans are happy. The joint class action lawsuit filed in November argues that Ronaldo’s endorsement of Binance NFTs effectively marketed unlawful security assets.

Binance users find it difficult to serve formal notice to Ronaldo

Plaintiffs claim the multi-year partnership promoted investments without proper disclosures or filings. However, serving formal notice to Ronaldo has proved challenging, as the football icon resides overseas with an undisclosed personal address.

A recent motion seeks court permission to inform Ronaldo of the case through electronic and public channels instead. Still, with no injunction so far, Binance continues to leverage its star athlete to drive NFT sales.

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Ronaldo again boosted his latest NFT drop earlier by undergoing a lie detector test to prove he personally owned non-fungible tokens. For now, Ronaldo continues engaging select fans through NFT-gated events, even as his Web3 activities fuel broader scrutiny.

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.