Cristiano Ronaldo get 1 billion dollars lawsuit for his NFT failure

[jrrsparkles]

This case won't stand at all because there is no merit to sue the person by the investors and they can only sue them if its scam but technicallt NFTs can't be proved as scam but failed investment which investors should be aware of prior to investing on any investment in the first place so the case will be dismissed in just few hearings.

[masyari]

All that NFT story is completly useless, especially sports NFT

[yazher]

Very correct,  because most of these celebrities are just influencers, and most of them don't even own the coins in they allow the face to be used to deceive gullible investors who may have failed to carry out more research about the coin/NFTs the hype in the market has dragged along of celebrities into a state of a mess because of the involvements in some few failed projects.

Since the crypto industry has been hyped these recent years and many investors come from many sectors, they failed to assure what they gonna promote and they led to this kind of embarrassment. their managers or whoever has been in charge of this has failed to research the outcome and they don't really care whether the business or promotions they promote are gonna last long or not and what happens here is a big mistake for them. Surely this will be a big problem for him and the people behind this NFT investment because it could create a bad image for him and also for those celebrities who suffer the same fate as him in terms of crypto promotions.

[Victorik]

The lawsuit looks very frivolous and doesn't make any sense to me.
I am very sure that Cristiano Ronaldo didn't force anyone to buy the NFTs if actually he was directly involved in it, and moreso the buyers ought to have done his research before investing in the NFTs purchase, so it is nobody's fact.

[goaldigger]

The lawsuit looks very frivolous and doesn't make any sense to me.
I am very sure that Cristiano Ronaldo didn't force anyone to buy the NFTs if actually he was directly involved in it, and moreso the buyers ought to have done his research before investing in the NFTs purchase, so it is nobody's fact.

I'm pretty sure that CR7 will be safe from this lawsuit especially there's a thing called contract and some clauses their will save CR7 from any lawsuit especially if the project turns out into a scam one or a failed project.

Though this might hurt the reputation of CR7 especially when it comes to promoting any project, many will start to doubt because of this one. Let's see how CR7 will handle this case, hoping that the developer will help him to win on this case and save himself from paying that much.

[tjtonmoy]

I have never trusted NFTs and to me, it was just a hype and it will soon wear off. I think of NFT like this and that is exactly what happened to it. Some hypes and trend and after that it's gone. I am also not sure if Cristiano Ronaldo is involved in the main team of the NFT. But I don't think he actually knows what NFTs are. Maybe someone just convinced him to do it. I mean he has done many commercial in his life and the team must have approached him the same way.

I'm not saying that he's not guilty, but it is highly unlikely that he will be directly involved in this. He is busy with his other life and maybe he doesn't know much about this. He thought of it as an investment opportunity and take it. We will see after what happens in the court.

[umbara ardian]

The recent NFT project involving CR7 has shed light on a concerning trend in the crypto space: the exploitation of celebrity endorsements to fuel impulsive investment decisions. The promise of exorbitant returns, combined with the allure of association with a renowned athlete, entices many individuals, often lacking adequate knowledge or understanding of the inherent risks, to invest in projects that may not deliver on their promises.

This case highlights the potent mix of greed and hype that can cloud judgment in the investment domain. The potential for high returns, coupled with the influence of a celebrity figure, can lead to investors overlooking critical details and engaging in hasty decisions. This lack of due diligence and critical analysis often results in significant financial losses, as evidenced by the decline in the value of the CR7-promoted NFT.

This incident serves as a stark reminder for investors to exercise caution and conduct thorough research before committing their resources to any investment, particularly those endorsed by celebrities. It's crucial to understand the underlying technology, the project's purpose and roadmap, the team behind it, and the overall market landscape. Additionally, investors should prioritize projects with strong fundamentals, transparent communication, and a clear roadmap over those solely relying on celebrity hype.

[Bitstar_coin]

Seriously does the sale of the nft comes with a promise of price stability and never to be dumped by the whale's? I mean, everyone who is in crypto have to be responsible for the outcome of their investment.
Perhaps there is a motive somewhere, but assuming the reverse was the case, will they be suing him for making too much profit?

I think the real question is why the nft was so heavily dumped, that doesn't appear to a normal market correction or bear market reason.
If this is a Rugpull then investors have every to file a lawsuit against him/ his team.

This is a lesson for everyone, just a celebrity is being use to promote a project does not guarantee success, most of them are not aware of what they are getting themselves involved with, they promote projects they have zero knowledge of just for the money, I really did not expect Christiana Ronaldo to go this route since he already worth so much.

[Tigerheart3026]

Seriously does the sale of the nft comes with a promise of price stability and never to be dumped by the whale's? I mean, everyone who is in crypto have to be responsible for the outcome of their investment.
Perhaps there is a motive somewhere, but assuming the reverse was the case, will they be suing him for making too much profit?

I think the real question is why the nft was so heavily dumped, that doesn't appear to a normal market correction or bear market reason.
If this is a Rugpull then investors have every to file a lawsuit against him/ his team.

This is a lesson for everyone, just a celebrity is being use to promote a project does not guarantee success, most of them are not aware of what they are getting themselves involved with, they promote projects they have zero knowledge of just for the money, I really did not expect Christiana Ronaldo to go this route since he already worth so much.

nft is high volatile than altcoins, i did not see a hype nft is stable or pumping for several times, i have received few nft and i sold these in the hype but after few months these are worthless. cristiano ronaldo never did such a promotion without knowing, crypto is volatile so we should not invest based on a celebrity no matter how popular he is.

[Sunderland]

To anyone who said that this lawsuit will not harm Ronaldo at all, then you guys are all wrong.
I see this as an extortion attempt but because the lawsuit brought in Florida = this can be serious matter for Ronaldo and he wont ignore this lawsuit.

In the US, Crypto = Securities and it must be registered officially. The people behind of the lawsuit action already knew that they might win and they have a bigger chance to win because Ronaldo NFT (one of Binance products) is not registered officially in the US.
And they stated that they bought the NFT because of Ronaldo, not Binance.

It remind me about this case https://finance.yahoo.com/news/lawsuit-alleges-shaquille-o-neal-155214236.html
There are 2 options for Ronaldo now, settle the matter ASAP or let it go to the court.

[goldkingcoiner]

I doubt this will end badly for Ronaldo. In the eyes of the law, fame and money does make a difference.

None of his NFT investors are going to get their money back, and Christiano Ronaldo himself will not face any harsh punishments. If he actually faces any punishment...

The way I see it, anyone who buys an NFT, regardless of whether the NFT issuer is famous or not, they should know the dangers of NFTs. I do not believe anyone would be in any way unknowing of the risks when purchasing any NFTs. However, if he duped his NFT buyers with promises or lies, then thats another thing.

[Silberman]

I doubt this will end badly for Ronaldo. In the eyes of the law, fame and money does make a difference.

None of his NFT investors are going to get their money back, and Christiano Ronaldo himself will not face any harsh punishments. If he actually faces any punishment...

The way I see it, anyone who buys an NFT, regardless of whether the NFT issuer is famous or not, they should know the dangers of NFTs. I do not believe anyone would be in any way unknowing of the risks when purchasing any NFTs. However, if he duped his NFT buyers with promises or lies, then thats another thing.

I doubt Ronaldo will need to actually use his influence or his money to avoid any punishment, as to me this simply seems as if those that invested in those NFTs are just a bunch of bad losers that cannot accept they made a bad investment and this has cost them money, however you can be sure they are going to try any legal means to recover their money, and this could even be an attempt to try to smear the name of Ronaldo publicly so a settlement is proposed by his lawyers.

[JeffBrad12]

I doubt this will end badly for Ronaldo. In the eyes of the law, fame and money does make a difference.

None of his NFT investors are going to get their money back, and Christiano Ronaldo himself will not face any harsh punishments. If he actually faces any punishment...

The way I see it, anyone who buys an NFT, regardless of whether the NFT issuer is famous or not, they should know the dangers of NFTs. I do not believe anyone would be in any way unknowing of the risks when purchasing any NFTs. However, if he duped his NFT buyers with promises or lies, then thats another thing.

I doubt Ronaldo will need to actually use his influence or his money to avoid any punishment, as to me this simply seems as if those that invested in those NFTs are just a bunch of bad losers that cannot accept they made a bad investment and this has cost them money, however you can be sure they are going to try any legal means to recover their money, and this could even be an attempt to try to smear the name of Ronaldo publicly so a settlement is proposed by his lawyers.

its always like this some people are just always trying to blame other people for their own mistake same with this case, suing people just because investment went down while there are definitely not a single soul forcing them to buy the NFT but they just go on buying this thinking they gonna be millionaire but alas they lost their $75 as if its their biggest lost ever so they can't accept this and think ronaldo is scamming them.
some people are truly better off not investing anything because once they are losing they try to blame other people for their own mistake and as a result they just got themselves into trouble.
after all, i think even the dumbest person in the room will definitely know that these NFT aren't truly an investment but just some pump and dump fueled by the hypes therefore investing in it would be stupid, regardless I think ronaldo won't care about this lawsuit.

[Wiwo]

its always like this some people are just always trying to blame other people for their own mistake same with this case, suing people just because investment went down while there are definitely not a single soul forcing them to buy the NFT but they just go on buying this thinking they gonna be millionaire but alas they lost their $75 as if its their biggest lost ever so they can't accept this and think ronaldo is scamming them.
some people are truly better off not investing anything because once they are losing they try to blame other people for their own mistake and as a result they just got themselves into trouble.
after all, i think even the dumbest person in the room will definitely know that these NFT aren't truly an investment but just some pump and dump fueled by the hypes therefore investing in it would be stupid, regardless I think Ronaldo won't care about this lawsuit.

That is life for you,  while some of them already may have gained from that investment, because you can't tell me that the NFT just turn shit right from lunching time because many of such cases,  it is the investors who may have allowed their greed to take the better part of them by not selling their holdings while they have the chances to do so,  and a lot of time most of those forks only lost a small amount,  and if it is that CR7 is just a promoter of the project then he will not have any obligation to them why it may be an obligation to him is when he has a direct contact with those investors and have given them his signature,  this is because a lot of time,  most of the celebrities that bring out such projects always promote it to they close friends and associate and some time,  many of those people, invest huge amount and if the project is selling in shares,  they will go ahead to invest heavily by buy a huge amount of the shares and that way,  Christian Ronaldo will sign a deal.

But anything outside that,  I don't think CR7undunder under any obligation to even honour that court case,  and it better still,  he has his management and their legal team let see how things go as we keep an eye on the case to see what the current update with the case,  but since we are still in the middle of international leagues,  the star play may still be busy in his club side and ain't respond anytime soon but still we have to look for any possible updates and the lawsuit progresses.

[EarnOnVictor]

This case won't stand at all because there is no merit to sue the person by the investors and they can only sue them if its scam but technicallt NFTs can't be proved as scam but failed investment which investors should be aware of prior to investing on any investment in the first place so the case will be dismissed in just few hearings.

I think this is the second place I would ever read about this, it can't stand at all, and I wonder how a lawyer would be so daft to the extent of agreeing to sue a person simply because of their influence in NFT. For a reputable and very popular person to promote a project is never a crime especially if he also has his investments in that project. As we all know, lawyers know this but are in for the money and not for the welfare of the suer, so let's leave them to make money out of the foolish people who believe they can always sue everyone for just any cause.

C. Ronaldo started well and he shall end well, damn the critics, they will try but will always fail. I do not know how people would blame someone for their folly, and they call themselves adults. Well, there are foolish adults as no one forces them to invest in anything, yet they complain. Maybe they can tell the court that they invested due to the social status of C. Ronaldo without using their brains and without doing their own research but still agreeing to the risk involved.

It's pure nonsense!

[Belarge]

This case won't stand at all because there is no merit to sue the person by the investors and they can only sue them if its scam but technicallt NFTs can't be proved as scam but failed investment which investors should be aware of prior to investing on any investment in the first place so the case will be dismissed in just few hearings.

No one is incharge of the market, all these top companies can handle to manipulate the market but doesn't take full charge. NFT are not 100% guaranteed of exploring in the market, there's something we call dump and this hits really hard on NFTs this season. Those traders especially the scalpers and spot traders can easily brief one on the capacitance of bull and bear season. Cristiano Ronaldo doesn't fall victim of been convicted because he only promotes the projects as the frontrunner but the NFT falling, how does that link up with him? There's a whole lot of explanations  to tender if they can actually think of winning Ronaldo in lawsuit case.

[Silberman]

This case won't stand at all because there is no merit to sue the person by the investors and they can only sue them if its scam but technicallt NFTs can't be proved as scam but failed investment which investors should be aware of prior to investing on any investment in the first place so the case will be dismissed in just few hearings.

I think this is the second place I would ever read about this, it can't stand at all, and I wonder how a lawyer would be so daft to the extent of agreeing to sue a person simply because of their influence in NFT. For a reputable and very popular person to promote a project is never a crime especially if he also has his investments in that project. As we all know, lawyers know this but are in for the money and not for the welfare of the suer, so let's leave them to make money out of the foolish people who believe they can always sue everyone for just any cause.

C. Ronaldo started well and he shall end well, damn the critics, they will try but will always fail. I do not know how people would blame someone for their folly, and they call themselves adults. Well, there are foolish adults as no one forces them to invest in anything, yet they complain. Maybe they can tell the court that they invested due to the social status of C. Ronaldo without using their brains and without doing their own research but still agreeing to the risk involved.

It's pure nonsense!

This just shows how little they know about the markets and the world in general, if anyone is scamming them are the lawyers that accepted their case, since they must know that it is going to be basically impossible for them to win it and they are still going to charge them a lot of money for taking their case, so if anyone wants to invest in this market there is no problem with that, but they need to accept the very real possibility, or even the certainty in some cases, they will lose money, and if someone cannot accept that fact then they need to get out of this market.

[o48o]

The thing is that,  investors lost billions of dollars to Christiano Ronaldo-endorsed NTFs and it may likely be that he is the sole owner,  and if that is the case then he may get robbed of an investment scam,  but if he is not a member of a team,  that will be a different ball game entirely.

Well, I will keep everyone updated as the development unfolds and what the outcome of the whole crisis and whether or not CR7 is truly guilty or not and what his level of involvement is.

more likely he will not found guilty, why? its an NFT as a result of christiano ronaldo partnership with binance, there are also term of service or something like that that binance prepared for the NFT sale back then I think,this NFT was created just for fan that want christiano ronaldo NFT not for these so called investors that sue just because they lost money, they should know well that NFT is not an investment and if it increase in price then it just means because some people are eager to get that NFT maybe they are collectors of NFT more specifically a prominent world player like CR7.
I don't think its gonna be that big of a problem since even the NFT itself costs peanut, but we will see, after all there will be presented the proof but more likely not gonna be a big problem for CR7 himself.

Wiwo link, Tom Brady is sued for [url?https://www.marca.com/en/lifestyle/celebrities/2023/11/09/654d2e4a46163fde7e8b456d.html]8 billion dollars[/url] for making FTX related ads. It just takes time to build a lawsuit that sticks. I think that Matt Damon must thank his lucky stars he picked crypto.com from all the exchanges to advertise. And i seriously doubt he would do it again.
And i am thinking that any celebrity will cover all of their legal bases in the future, before running ads for crypto exchanges or coins. It could be hard to get celebrity endorsement in the future after these kind of fines.

JeffBrad12, even if investors should know they aren't investing, it doesn't help if ads even hint about profits. Or if marketing / celebrity in any way tweet or mention that someone sold something in profit. And NFTs are pretty much a synonym with profit speculation. Even if it would be generally known as a bad investment.

[JeffBrad12]

That is life for you,  while some of them already may have gained from that investment, because you can't tell me that the NFT just turn shit right from lunching time because many of such cases,  it is the investors who may have allowed their greed to take the better part of them by not selling their holdings while they have the chances to do so,  and a lot of time most of those forks only lost a small amount,  and if it is that CR7 is just a promoter of the project then he will not have any obligation to them why it may be an obligation to him is when he has a direct contact with those investors and have given them his signature,  this is because a lot of time,  most of the celebrities that bring out such projects always promote it to they close friends and associate and some time,  many of those people, invest huge amount and if the project is selling in shares,  they will go ahead to invest heavily by buy a huge amount of the shares and that way,  Christian Ronaldo will sign a deal.

But anything outside that,  I don't think CR7undunder under any obligation to even honour that court case,  and it better still,  he has his management and their legal team let see how things go as we keep an eye on the case to see what the current update with the case,  but since we are still in the middle of international leagues,  the star play may still be busy in his club side and ain't respond anytime soon but still we have to look for any possible updates and the lawsuit progresses.

so far nothing serious has been happening, no further news about it either, I guess this lawsuit is invalid due to maybe the buyer of NFT are agreeing to term and condition first hand before buying therefore all these lawsuit made by these so called NFT investors are just invalid bluff.
this should be a lesson that advertising NFT could be a problem because the one that bought NFT don't have even the slightest idea what they are investing therefore when thing goes south people are angry because their investment that supposed to be life turning for them to turn their measly few dollars into millions if not billions turning out to be not so good investment after all.
ridiculous lawsuit but thats the thing thats happening around the world of investment some people are just not cut it to be investor and should just stick with getting salary each month because its risk free.

[Hispo]

To be honest, I am not even sure why a football super start like Cristiano Ronaldo thought that getting into promoting NFTs was a good idea for his personal finances or for his public image. I don't even know what could have pushed him to accept such a deal, specially keeping in mind he already has much money.
I am even pretty sure he did not even was aware what a Non fungible token is about and whoever was behind all if this managed to convince him this was rather some kind of collectible project, like those classic ones one can find in the form of cards or figurines. In the end, when comes to projects like these ones, those who promote and advertise them do not even care to fully understand or check whether what they are advertising is legal or at the very least, not shady.

If there is something to learn this stories like these ones is even people who already have enough money to live a comfortable live for the rest of their existence can fall for the "easy money" offers and get themselves trapped in legal suits like this one. Though, I pretty much doubt this will be the last time someone of such a huge profile will Fall victim of their own love for money and ego.