Skip to Primary Navigation

Skip to main content

Ronaldo latest celebrity to face fine for promoting crypto

Ronaldo on pitch
Photo: Getty Images

Carmen Cracknell

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

From actors to sports stars, billionaires to influencers, a number of public figures have faced fines for endorsing crypto.

Soccer player Ronaldo is facing a class-action lawsuit due to his involvement with Binance. The partnership included a series of promotional activities beginning in November 2022, with Ronaldo appearing in Binance adverts and launching a collection of non-fungible tokens (NFTs).

Three plaintiffs are seeking damages of “a sum exceeding” $1 billion,

Binance

, , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience