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Superstar soccer player Cristiano Ronaldo is facing a class-action lawsuit alleging that his endorsement of cryptocurrency exchange Binance caused investor damages. Ronaldo signed a multi-year deal with Binance to promote his non-fungible token (NFT) collections, which garnered significant interest from fans and collectors. The lawsuit claims that Ronaldo’s collaboration with Binance and his influential reach led unsuspecting investors to make unregistered securities investments on the platform. The legal action comes in the wake of the conviction of FTX founder Sam Bankman-Fried and the guilty plea of Binance founder Changpeng “CZ” Zhao for various federal violations. Additionally, MLB, Formula 1, and the Mercedes racing team are also facing litigation seeking to recover $11 billion in damages related to the collapse of FTX. Celebrities and athletes who endorsed FTX prior to its downfall, including Shohei Ohtani, Shaquille O’Neal, Trevor Lawrence, Stephen Curry, and Tom Brady, are among the targets of class-action lawsuits filed by investors.