# Soccer Star Ronaldo Advertised Binance. 1.3 Trillion Won The BBC reported on the 29th (local time) that world-class soccer star Cristiano Ronaldo is on the verge of having to pay 1 billion dollars for advertising Binance, the world's largest cryptocurrency exchange. When the U.S. authorities fined Binance a large amount of money for knowing that it was financed by terrorist groups as well as North Korea and Iran, Ronaldo, who advertised for Binance in the U.S., also filed a class action suit, saying it should compensate U.S. consumers for damages. They claimed 1 billion dollars in damages, saying Ronaldo misled U.S. investors by touting Binance. Earlier, Ronaldo launched a collection of non-fungible tokens (NFTs) in July last year with Binance on the theme of his uniform. U.S. consumers claimed that Ronaldo misled U.S. investors by advertising Binance, saying that when Ronaldo announced his NFT with Binance, searches for Binance increased by 500%. Gary Gensler, chairman of the Securities and Exchange Commission (SEC), the U.S. securities regulator, had urged "celebrities to disclose to the public who and how much they received to promote cryptocurrency investment." [스포츠토토](https://www.betmantoto.org) Earlier on the 22nd, the U.S. Department of Justice issued a statement saying that Binance CEO Zhao Changfeng admitted to the terrorist group's money laundering charges and agreed to pay $4.3 billion (about 5.55 trillion won) in fines.