In early November, the U.S. Justice Department imposed a $4.3 billion penalty on Binance Holdings Ltd. for various wrongdoings, including money laundering and aiding criminals. Former CEO Changpeng Zhao (CZ) stepped down, admitting to money laundering. A class action lawsuit filed on Nov. 28 alleges that soccer player Cristiano Ronaldo’s endorsement of Binance resulted in financial losses and the sale of unregistered securities. The lawsuit focuses on Ronaldo’s CR7 non-fungible token (NFT) collection, claiming the NFTs, endorsed by Ronaldo, are essentially worthless, causing substantial financial losses to buyers. The plaintiffs seek damages exceeding $1 billion, arguing Ronaldo should have disclosed his compensation for endorsing the collection. This is reminiscent of a similar lawsuit involving Kim Kardashian’s endorsement of a crypto scam in 2022. Other entities, including MLB, Formula 1, and celebrities, are also facing lawsuits for their involvement in the defunct crypto trading platform FTX Trading Ltd.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}