Here’s Why Ronaldo’s $1B Binance Lawsuit Is Getting Intense

The plaintiffs petitioned to serve Cristiano Ronaldo a public notice via X as challenges in efforts to indict him persist.

Christiano Ronaldo looking disappointed under a dark and cloudy sky and Binance logos in the background.
Created by Gabor Kovacs from DailyCoin
  • The Ronaldo lawsuit for Binance endorsement is intensifying.
  • The plaintiffs aim to serve the soccer star publicly on social media platforms.
  • Ronaldo is accused of touting Binance’s offerings and enticing investors.

The November DOJ-Binance saga resulted in intense scrutiny of the exchange’s operations, including collaborations with public figures such as soccer player Cristiano Ronaldo. Following the conviction of the exchange and its founder, Changpeng “CZ” Zhao, a group of users filed a lawsuit against Ronaldo, accusing him of promoting unregistered securities and enticing unsuspecting investors.

As efforts to secure the indictment of the soccer superstar have presented challenges, the plaintiffs are now bolstering their tactics in pursuing a case.

Ronaldo Lawsuit Amped

In a filing to the United States District Court for the Southern District of Florida, the plaintiffs have petitioned for the court’s authorization to serve Defendant Cristiano Ronaldo with a public notice.


The notice is intended to be disseminated through the social media platform X (formerly Twitter) and via emails directed to Ronaldo’s present litigation counsel. Additionally, the plaintiffs propose delivering the notice through the publication on a designated service website crafted by their legal representatives.

Extract from the plaintiff's motion to serve the Ronaldo Lawsuit via public channels.

Given the elusive nature of the renowned soccer player’s residence, the lobby for the unconventional approach stems from the challenge of determining Cristiano Ronaldo’s current residential address.

Suppose the court does not grant immediate authorization. In that case, the plaintiffs vowed to continue investigating Ronaldo’s current whereabouts to effect service through any authorized means under the Federal Rules of Civil Procedure and applicable laws. 


To find out more about the Binance-Ronaldo partnership, read here:
Ronaldo Faces Binance’s Lie Detector as CR7 NFTs Evolve

Read out more about about altcoins and SUI’s market performance:
SUI Token Records 300% Price Uptick Amid Soaring TVL

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.