Right now, Cristiano Ronaldo is the talk of the town. The Portuguese star faces a $1 billion lawsuit for his role in promoting Binance, following his near-serious neck injury during the Champions League match against Persepolis. Furthermore, CR7 had already said that it will be investing more NFT in the future. These remarks are hardly encouraging for the legendary star, especially in light of the current circumstances.

It’s interesting to note that the soccer legend and Binance earlier took part in a widely reported lie-detector test. CR7 made two noteworthy statements throughout the test. First, he acknowledged that he owned NFTs outside Binance, and he also said that he would be adding more NFTs in the future. Considering Ronaldo’s present circumstances, the second statement becomes even more intriguing.

The plaintiff claimed that more people are buying NFTs as a result of Binance’s increased popularity due to Ronaldo’s sponsorship. As a result, investments have increased dramatically and the value of cryptocurrencies has decreased. In the end, this resulted in the prosecutor suffering large asset losses.

Should Ronaldo be concerned about the lawsuit?

The lawsuit claims that “Mr. Ronaldo’s promotions encouraged his millions of fans, followers, and supporters to invest with the Binance platform, or helped Binance solicit investments in unregistered securities.” It’s thought that CR7 advertised the coin on US media websites.