Binance Users Seek Alternative Channels to Serve Cristiano Ronaldo in Class-Action Lawsuit 😲💥

The class-action lawsuit stems from allegations that Binance customers incurred losses as a result of its promotion of the cryptocurrency exchange.

Binance users are getting creative in their class-action lawsuit against Ronaldo.

⚖️ Motion filed urges alternative service methods due to difficulties in traditional methods.

Buckle up, folks! We’ve got some spicy news from the world of crypto lawsuits. It seems that some Binance users are getting creative in their attempts to serve soccer superstar Cristiano Ronaldo in a class-action lawsuit. 🚀

The Game Plan: Serving Ronaldo via X (formerly Twitter) and Email 📨

In a motion filed on Jan. 16, 2024, the plaintiffs are seeking alternative methods to serve Ronaldo with legal documents. Why, you may ask? Well, it seems that Ronaldo is playing a little hard to get, making it a challenge to find his current address in Saudi Arabia. But fear not, because these savvy Binance users have come up with a plan.

The motion suggests using email, X (formerly Twitter), and even publishing the legal notice on a dedicated website. Talk about thinking outside the box! They argue that these alternative methods are compliant with international agreements and are suitable when the defendant’s address is unknown. 🌍

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Uncertainty and the Hague Conventions 🤔

Now, you might be wondering, “Why all this fuss over serving Ronaldo?” Good question! The motion highlights the uncertainty surrounding Ronaldo’s current whereabouts and addresses concerns about the Hague Conventions. But fear not, my dear reader, because these alternative methods of service are legit and have the green light.

According to the motion, the plaintiffs have gone the extra mile and created a dedicated website specifically for all the juicy case materials. They plan to send not only the legal notice to Ronaldo’s verified Twitter accounts but also to the email addresses of his legal team involved in ongoing U.S. federal litigation. 📧

The Class-Action Lawsuit: 🚨 Binance Users Demand Justice!

Let’s dive into the heart of the matter. This class-action lawsuit has stemmed from allegations that Binance users suffered losses as a result of Ronaldo’s promotion of the crypto exchange. The plaintiffs filed their complaint on Nov. 27, 2023, in a Florida district court, claiming that Ronaldo played an active role in promoting and coordinating the offer and sale of unregistered securities with Binance. 👥📉

The lawsuit also points out that the U.S. Securities and Exchange Commission (SEC) guidance specifically warns celebrities like Ronaldo to disclose any payments received for promoting cryptocurrencies. Naughty Ronaldo allegedly failed to do so, and now he’s feeling the heat! It turns out that Binance and Ronaldo teamed up in mid-2022 for a multiyear partnership to release some fancy nonfungible tokens (NFTs). At least three of these collections were tied directly to Binance. Oops! 😬

Q&A: Addressing your curious minds! 🤓

Q: So, what’s the big deal with this lawsuit anyway? Why are Binance users so upset with Ronaldo? 🤔

A: Ah, my dear reader, it seems that these Binance users believe that Ronaldo’s promotion of the crypto exchange led to significant losses for them. They claim that he actively participated in the offer and sale of unregistered securities. Ronaldo allegedly forgot to follow the SEC guidelines and disclose any payments he received for promoting cryptocurrencies. Can’t blame them for being a little peeved!

Q: How are these alternative service methods applicable? Will they work? 📨🌍

A: Excellent question! The plaintiffs argue that since Ronaldo’s current address in Saudi Arabia is unknown, these alternative methods of service, such as email, X, and website publication, are perfectly valid and comply with international agreements. They are leaving no stone unturned in their quest for justice!

Q: What’s up with Ronaldo’s NFT collections tied to Binance? 💥

A: Oh boy, Ronaldo got himself tangled up in some crypto webs! Binance and Ronaldo joined forces in mid-2022 for an exciting partnership. The collaboration resulted in the release of several collections of Ronaldo-themed nonfungible tokens (NFTs). However, a few of these collections were linked directly to Binance, which might have landed him in some legal trouble. Oopsie daisy!

The Future: Beyond Lawsuits and Legal Drama 🌠

Now that we’ve covered all the juicy details, it’s time to put on our thinking caps and gaze into the crystal ball. Where do we see the future heading? Well, my dear reader, the world of crypto is full of twists and turns, so let’s analyze what lies ahead. 🧙‍♂️✨

It’s safe to say that lawsuits like this one are just the tip of the iceberg. As cryptocurrencies gain more mainstream popularity, we can expect increased scrutiny and regulation. Celebrities and influencers will face greater pressure to adhere to disclosure guidelines and avoid getting caught up in legal issues.

Investors should remain vigilant and do their due diligence when it comes to crypto promotions endorsed by celebrities. Now, don’t get me wrong, not all celebrity endorsements are bad, but it’s crucial to separate the wheat from the chaff. Seek out projects with solid fundamentals and real-world applications, not just flashy marketing campaigns.

In our rapidly evolving world, it’s essential to stay informed and adapt to changing circumstances. And remember, my friends, never invest more than you can afford to lose in the wild and exciting world of cryptocurrencies! 🚀💸

References:

1. Indian crypto exchanges lure in Binance, OKX investors after FIU ban
2. U.S. District Judge grills SEC, Coinbase lawyers to decide if crypto transactions constitute investment contracts
3. South Korea takes a major step towards cryptocurrency transparency: 5,800 officials disclose holdings in 2024
4. China looks to ramp up cross-border digital yuan spending
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I hope you enjoyed this spicy article! If you found it informative and entertaining, why not share it with your friends on social media? Let’s spread the knowledge and have a good laugh together! 😄💪

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