Close Menu
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

CZ Slams Anti-Crypto ‘Hit Piece’, Denies WLFI ‘Fixer’ Claims

May 24, 2025

Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Stay in Crypto Space

May 24, 2025

American Tourist Drugged, Crypto Worth $123K Stolen By Uber Driver

May 24, 2025
Facebook X (Twitter) Instagram
CredBit.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading
Facebook X (Twitter) Instagram
CredBit.com
Home » Why Cristiano Ronaldo Binance Lawsuit Will Go to Trial
NFT News

Why Cristiano Ronaldo Binance Lawsuit Will Go to Trial

January 18, 20243 Mins Read
Facebook Twitter WhatsApp Pinterest Telegram LinkedIn Tumblr Email Reddit VKontakte
Why Cristiano Ronaldo Binance Lawsuit Will Go to Trial
Share
Facebook Twitter LinkedIn Pinterest Telegram Email

Plaintiffs against Cristiano Ronaldo’s Binance campaign have called for the footballer to be subpoenaed through social media. They say contacting the former Real Madrid and Manchester United star in Saudi Arabia is difficult.

The plaintiffs propose contacting Ronaldo over email and social media and publishing the documents related to the lawsuit on a website. Plaintiffs have said that The Hague Conventions don’t prohibit these methods of serving court papers. 

Cristiano Ronaldo’s Residence is Unknown

The plaintiffs allege that Ronaldo’s whereabouts are unknown. His last known residence was at the Four Seasons Hotel Riyadh At Kingdom Center in Saudi Arabia. Ronaldo moved to Saudi Arabia after agreeing to a transfer to the Saudi Pro League from English Premier League football club Manchester United in January 2023.

But the football star posts regularly on X, which suggests a court summons may reach him on this platform. The plaintiffs also suggest sending the court documents via email and through a custom website.

Read more: What Are NFT Trading Cards?

The parties filed a class-action lawsuit in Florida on November 27, 2023, claiming that Ronaldo “promoted, assisted in, and/or actively participated” in the sale of unregistered securities. They claim Ronaldo’s endorsement of Binance lacked warnings about investing in cryptocurrencies. Binance partnered with Ronaldo in 2022 to promote an NFT collection chronicling his career.

Why the Ronaldo NFT Case Could Go to Trial

According to Jemma Fleetwood, a digital asset lawyer, Ronaldo could consult legal advisers and choose to settle. How long this will take is unknown, compounded by the delay in serving the summons. 

“Ronaldo will likely be discussing with his legal advisers whether the claim has legal merit, what his defence will be, and whether he should make an offer to settle the case. Given the level of damages claimed…The matter could eventually reach a trial where the parties would be required to publicly give evidence on the case.”

The court may deny claims based on a lack of causation. Even though a celebrity advert would push someone toward buying, they don’t force anyone. 

How Celebrities and Governments Affect Crypto Prices | Source: Journal of Business Research

A court case suing celebrity endorsers Kim Kardashian and Floyd Mayweather was dismissed, with the judge saying that investors should “act reasonably” despite the hype around crypto. Ronaldo may also say that his promotions were unrelated to Binance’s activities.

Read more: 7 Best Binance Alternatives in 2024

Do you have something to say about the lawsuit against Ronaldo for promoting Binance or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit VKontakte Telegram WhatsApp

Related Posts

What Are AI dApps?: How Blockchain and AI Unite for Next-Level Innovation

February 7, 2025

NFT Gaming Market Forecast 2025–2030: Worldwide Trends

February 7, 2025

Somnia Blockchain Tops 1.05M TPS in Devnet, Sets Sights on Testnet Launch

February 6, 2025

NFT Collectibles Market 2025: Future Trends, Expert Predictions, and Investment Insights

February 6, 2025

Kuroro Wilds Alpha Launch: How to Score Big in the 30 Million $KURO Giveaway

February 5, 2025

The Transformation of Roulette Through Technology

February 4, 2025

Comments are closed.

Editors Picks

CZ Slams Anti-Crypto ‘Hit Piece’, Denies WLFI ‘Fixer’ Claims

May 24, 2025

Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Stay in Crypto Space

May 24, 2025

American Tourist Drugged, Crypto Worth $123K Stolen By Uber Driver

May 24, 2025

XRP Price Is Now Targeting $4 After Reversal From ‘Buy Zone’

May 24, 2025
© 2025 - credbit.com - All Rights Reserved!
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.