People using Binance are looking to sue Cristiano Ronaldo. Their complaint? He promoted the cryptocurrency exchange. Getting legal papers to the soccer virtuoso is a challenge. They’re considering using different methods to help them, including X (previously known as Twitter).
The filing submitted on Jan 16, 2024, advocates for unconventional means of service owing to challenges with conventional approaches. Their suggestion entails utilizing email, X, and website publication, contending that this aligns with international agreements and effectively notifies the defendant.
The court document highlights the uncertainty of Ronaldo’s current place in Saudi Arabia. It suggests that the Hague Conventions don’t strictly say no to these ways of service, especially when the person’s address is hidden.
The complainants have established an exclusive online platform housing case-related documents in line with the motion. The items are set to be sent. They’re not just headed to the checked Twitter accounts of the one in question, Ronaldo. They’s also going to the email of his lawyers involved in the U.S. federal court case that’s happening now.
NFTs & Legal Battles: Ronaldo-Binance Partnership Sparks Securities Controversy
The collective legal action stems from allegations that Binance customers incurred financial setbacks due to Cristiano Ronaldo’s endorsement of the cryptocurrency exchange. Filed on Nov 27, 2023, in a Florida district court, the lawsuit asserts that Ronaldo played a role in promoting, aiding, or actively selling unregistered securities in collaboration with Binance.
By guidance from the U.S. Securities and Exchange Commission cautioning celebrities about the obligation to disclose compensation received for endorsing cryptocurrencies, the complaint contends that Ronaldo neglected to fulfill this requirement.
Binance initiated a multiyear partnership with Ronaldo in the middle of 2022 to unveil a series of his nonfungible tokens, with at least three collections from the soccer star intricately linked to Binance.
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