Topic: Cristiano Ronaldo get 1 billion dollars lawsuit for his NFT failure - page 3. (Read 587 times)

Because of the cristiano Ronaldo image on the project is the major reason why most of those who pumped in huge sum in investment into this token did so without doing any personal due diligence to know whether or not the NFT project will succeed or not,  and also many of them also got greedy along the way with the way and manner at which their blindly trusted the speculated listing price of the NFTs so for sure,  we can't blame the star player unless he is part of the team.

But if only he is paid to just promote the project and with a crypto disclaimer as not an investment advice,  that way he may have a case in the court and can possibly avoid this law suit,  and many time also he may not even visit the court room if he has strong legal team to represents him in court, let see how thing goes with the case and what we except to see as the next development with this case.

It's not surprising that many of the investors of CR7's NFT is just all about buying it because it was his name that's embedded on it and there was a partnership with Binance. This teaches a lot of lesson for those that have bought it and what they get for buying it? Nothing.
They just have to wait until the price goes up and CR7 wasn't even aware of what's the crypto scene and this lawsuit that he's got for, well, what a messy thing that he's got into this partnership.

Seeing this news tells a lot about modern investors, they're just investing cause of the money not for the knowledge.
 

i think this topic was already opened before

but to answer this I really hope that ronaldo wins the case celebrities and public figures do not force anyone to buy or invest on whatever they are advertising

Its not even deserving to be called an investment, its just collectibles, ronaldo might iniitially thought it was legit business because the ones that released the NFT was an exchange with billions of dollars of trading volume that is binance so I guess his management thought that its gonna be fine but we all know some people are so detached from reality they think every investment guaranteed them profit and if they instead losing money it must be the fault of someone.
its simply ridiculous how just a mere $77 could become billion dollars lawsuit, well regardless people should know that NFT, arts more specifically, is just collectibles not investment, anyone should be conscious that these NFT are more likely gonna be ending up having low value if no one bids, after all its art.

Most people get fooled and I will really balme them, the investors should be blamed and I will also blame cr7 for not making a proper research before advertising, but who am I to criticize Ronaldo maybe they offered a juicy offer to advertise.
If every investor starts following social media influencers or celebrity without making proper research then all influencers might end up in court cases, all this influencers or celeb they don't know what they're advertising they just do it for the money and I don't expect a serious investor to be fooled cause they get paid for advertising for example cr7 is a footballer with the highest followers on instagram just imagine seeing your favorite celebrity advertising a coin.
Seeing this news tells a lot about modern investors, they're just investing cause of the money not for the knowledge.
 

Personally I think the NFT issue is an investment gone wrong I believe Cristiano Ronaldo would win the case, I likened the case to a investor who invested in an altcoin which eventually dumped and faili thus investors are demanding for their money, had it been the NFT project was very successful and all it investors earned massive profit no investors would raise an eyebrow about it and again other NFTs that failed nobody is sueing their developers to court why is it Ronaldo 's own case different ? Let all investor of Ronaldo NFT failed project move on they have no case and surely they can't win the case I believe experience lawyers hired by Ronaldo would win the case.

If it is true that this athlete is involved in a very deep contract, what bad things will happen to him? However, all of this certainly requires more in-depth study and the involvement of legal authorities, especially if there are victims who report this case. This is certainly bad news, especially if it is true that his involvement is because he is a very famous athlete, then this news will quickly spread widely

That is it but the things could go further than that because of the nature of NFTs some of that athlete made a lot of progress and development to the extent of launching their NFTs so if this be the case then it means that CR7 will have a tough time in the legal battle.

But then also it all ball down to his direct involvement in the project and how deep the terms of the contract is if he is just an advertiser or not.

When celebrity i endorses investment opportunities, including crypto asset securities, investors should carefully research whether the investment is right for them, and they should know why the celebrity is providing that endorsement.

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.

But also, just like every ofher hypes, that have happened in the market,  there have been alot of failures, exit scams and alot of ofher unhealthy situations that have lead to investors lost of money, and at this point any NFTs that want to gain promotion and visibility must first ascribe to a popular figure and this time, the Ai Baser former Manchester united player and world football legends, Cristiano Ronaldo, have been cught up in the web of crisis as the NFT he promoted to investors have failed to attain success and those aggrieved investors have approach the xourt and decided to get the player sued for promoting what they call investment failure.

This led me to ask the question of that the extent of Cristiano Ronaldo's involvement in the NFT project, us he a part of the Directors or he just promote the project.

But then also whichever way, I hope Cristiano Renaldo has a good lawyer to stand in for him.

What are you taking in all of this situation.

The news is everywhere in the internet. And till now I have not really gotten the whole stuff. Is it that Crustiano Ronaldo is the founder of the NFT? I am not reall ofy familiar with this Non-Fugitive Tokens (NFT), I don't even know how to use it and I don't know much about it all because I was not interested in it. And things like this doesn't mean if the person is a hero or a legend, if Crustiano Ronaldo is found guilty of the allegations then he pay them the money and he will be punished by the law. And the only thing that can save noe is the lawyer that he will use. And this is a serious case for him.

The altcoins market have witnessed alot of hype, wave and different trends and one of the popular among those trends in the last year is the Non-fugitive tokens (NFTs), which promises to give content creators the right of the owner of their work on the blockchain which right is transferable, this hyp created al9t of noise within and outside the cryptocurrency communitie.

But also, just like every ofher hypes, that have happened in the market,  there have been alot of failures, exit scams and alot of ofher unhealthy situations that have lead to investors lost of money, and at this point any NFTs that want to gain promotion and visibility must first ascribe to a popular figure and this time, the Ai Baser former Manchester united player and world football legends, Cristiano Ronaldo, have been cught up in the web of crisis as the NFT he promoted to investors have failed to attain success and those aggrieved investors have approach the xourt and decided to get the player sued for promoting what they call investment failure.

This lead me to ask the question of that the extent of Crustiano Ronaldo involvement un the NFT project, us he a part of the Directors or he just promited the project.

But then also whichever ways, i hope cristiano Renaldo is having a good laywer to stand in for him.

What are you take in all of this situation.

What are you take in all of this situation.

Cristiano Ronaldo has been fined one billion dollars not only for his nft fail but he must have other reasons for this legal penalty. The reason for this case is that Cristiano Ronaldo is the special ambassador of the Binance Centralized Exchange. Had CZ not changed ownership of Binance Exchange, Binance Exchange would have suffered even greater losses. However, the scope of this case of Cristiano Ronaldo cannot be estimated so far, but his case will be heard soon.