Perils & Pitfalls of Celebrity Endorsements

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A November class-action lawsuit implicated soccer star Cristiano Ronaldo, alleging his endorsement of the CR7 non-fungible token (NFT) collection misled buyers into acquiring potentially unregistered securities. Initially highly valued, these NFTs have sharply declined, causing significant financial losses for investors. The $4.3 billion penalties against Binance Holdings Ltd. from the U.S. Justice Department in early