Jan 19, 2024
By: Nisha Kumari
Image credit: CNN
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Binance Users are exploring alternate avenues like social media platforms and drone delivery.
Image credit: Crypto Daily
Binance users faced financial losses as Ronaldo promoted the exchange on social media. The November 2023 filing alleges non-disclosure of payments, violating SEC guidance.
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Legal documents & case details are sent to Ronaldo's authenticated Twitter account and the email addresses of his legal representatives.
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Binance's mid-2022 partnership with Ronaldo included launching & selling multiple NFT collections, with at least three directly linked to Binance.
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Binance has been accused by the US Justice System of aiding users in circumventing global sanctions and facilitating the movement of money for criminals and terrorists.
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Following the lawsuit, Changpeng Zhao, CEO, Binance resigned having admitted to money-laundering violations.
Image credit: The New York Times
Major League Baseball, Formula 1, and Mercedes-Benz have faced lawsuits on the same day for their promotion of the defunct cryptocurrency exchange FTX.
Image credit: Milk Road