Cristiano Ronaldo might accept a $750K settlement to avoid trial in Binance Lawsuit

Cristiano Ronaldo might accept a $750K settlement to avoid trial in Binance Lawsuit

Cristiano Ronaldo might accept a $750K settlement to avoid trial in the Binance lawsuit which he is facing due to collaboration with Binance in which he promoted Binance’s NFTs.

Ronaldo might accept a $750K 

Renowned football icon Cristiano Ronaldo is facing a challenging situation and may need to reach a substantial settlement in connection with the promotion of Binance.

The cryptocurrency exchange had previously agreed to a substantial $4.3 billion fine and the departure of its CEO Changpeng Zhao as part of a settlement with US regulators.

In light of these developments, Ronaldo could potentially settle the case for $750,000 to avoid a public trial in the United States related to his multi-year partnership with Binance, which led to the launch of his line of non-fungible tokens (NFTs).

Ronaldo is Planning and considering a settlement

Cryptocurrency lawyer Jemma Fleetwood commented on November 30, stating that Ronaldo is likely consulting with legal advisors to assess the claim’s legal merit, plan his defense, and consider a settlement offer. Given the substantial amount involved, a public trial remains a possibility at this early stage.

Similar Cases

Fleetwood pointed to similar cases involving figures like boxing legend Floyd Mayweather and music producer DJ Khaled, who settled claims related to promoting initial coin offerings (ICOs) for around $750,000.

She suggested that Ronaldo might opt for a similar settlement to avoid a public trial, escalating legal costs, and significant time spent on court filings.

Ronaldo facing other lawsuits

It’s worth noting that Ronaldo is currently facing a $1 billion class action lawsuit in the US, alleging financial losses to individuals named Michael Sizemore, Mikey Vongdara, and Gordon Lewis.

The lawsuit accuses Ronaldo of promoting, assisting, or actively participating in the offer and sale of unregistered securities in coordination with the crypto trading platform.

Collaboration between Binance and Ronaldo

The collaboration between Ronaldo and Binance began in 2022 with the launch of his NFT collection, with the cheapest NFT priced at $77 at the time. The lawsuit contends that Ronaldo was or should have been aware of Binance selling alleged unregistered crypto securities.


To conclude, to avoid trial in the Binance’s lawsuit, Cristiano Ronaldo might need to accept $750K settlement. Similar cases in the past with celebrities have opted for Settlement. So, let’s see what will Ronaldo opt for in his case.

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