Cristiano Ronaldo may have to settle for $750K to avoid trial in Binance case
Football superstar Cristiano Ronaldo has found himself in a tight spot and might need to settle in court for a massive amount over promoting Binance, which has earlier agreed to pay a massive $4.3 billion fine and to let go of its CEO Changpeng Zhao as part of a settlement with the United States regulators. As it happens, Ronaldo might have to settle the case for $750,000 in order to avoid a public trial in the US connected to a multi-year partnership with the cryptocurrency exchange that launched his line of non-fungible tokens (NFTs), cryptocurrency lawyer Jemma Fleetwood said on November 30. According to Fleetwood, the football field veteran “will likely be discussing with his legal advisers whether the claim has legal merit, what his defense will be, and whether he should make an offer to settle the case,” which might be difficult at an early stage due to the amount, so a public trial is possible, she said. Considering settlement At the same time, the lawyer mentioned simil...