Cristiano Ronaldo, a world-renowned footballer facing a class action lawsuit is uncalled for.
Bringing financial damages to his followers by aiding and abetting Binance’s fraudulent practices.
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.
He has no responsibility to his followers in terms of any promotion and it should be Ronaldo or his agent who studies the impact of the work they take on. A footballer or influencer has no responsibility in the event that their followers suffer losses, so the followers themselves must verify the truth before participating. Binance is a large exchange and of course they will look for influencers who have the largest followers on social media to promote the products they have.
There are certain strategies for people to promote their business, but nothing can be guaranteed. This is another important lesson that something we do must be researched first, not immediately accepted and used even though the person promoting it is a famous footballer or influencer on social media platforms.