inance customers are making headlines as they seek to serve a $1 billion lawsuit to renowned soccer player Cristiano Ronaldo. The lawsuit alleges that Ronaldo promoted non-fungible tokens (NFTs) associated with the troubled exchange Binance. In their latest move, the plaintiffs are requesting authorization from a Florida federal court to serve Ronaldo through the social media platform X, formerly known as Twitter.
The Lawsuit and Allegations
The lawsuit, filed in the Southern District of Florida in November of last year, accuses Ronaldo of engaging in deceptive and illegal practices by endorsing Binance. The plaintiffs argue that Ronaldo's partnership with Binance led users into risky and costly investments. They claim that Binance's fraudulent activities, including the sale of unregistered securities, were facilitated with the support of wealthy organizations and global celebrities, including Ronaldo.
The Request to Serve Ronaldo via X
In a recent filing, plaintiff Michael Sizemore is seeking an order from the court to serve Ronaldo through X. The intention is to deliver the $1 billion proposed class action lawsuit to Ronaldo's attention. Additionally, Sizemore requests authorization to send an email to Ronaldo's current counsel, who is representing him in other federal litigation.
Ronaldo's Continued Promotion of Binance
Despite the pending lawsuit, Ronaldo has continued to promote Binance. In a post on Binance's X account on January 17, the soccer legend can be seen with social media influencer Khaby Lame, both wearing Binance merchandise. This raises questions about Ronaldo's awareness of the allegations against Binance and his ongoing endorsement of the platform.
Binance's Troubles and Legal Consequences
Binance has faced significant legal challenges in recent times. The exchange paid over $4 billion in penalties and restitution to various federal government agencies after admitting to wrongdoing. As a result, Binance CEO Changpeng Zhao resigned from his position and is currently awaiting sentencing in the United States.