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.
And these unregistered crypto securities promoted by Ronaldo caused a 2,5500% increase in celebrity NFT searches by his followers and the rest of the world.
whereby making Binance grew by nearly 5000%.
Why did Ronaldo sign it? What happened to his brand team? Haven't they researched properly before signing the deal? What happened to his legal team? Didn't they know that Ronaldo is promoting unregistered things?
Binance is a business organization. When businesses sign any celebrity to promote, they have two simple goals in their mind - growth and reputation! Binance paid money, Ronaldo got money and did what he was asked to do!
What's the problem?