Community exposure: Ronaldinho sells X account to Shenzhen 'coin issuing' team for $5 million

According to BlockBeats, on March 3rd, according to X user @ R10coin_, "Ronaldinho collaborated with a team from China (Shenzhen) to issue tokens and defraud investors. In May 2024@ R10coin_ has officially started negotiations with Ronaldinho to issue a cryptocurrency. After more than six months of detailed negotiations, in January 2025@ R10coin_ has officially signed a cooperation agreement with Mr. Ronaldinho. The total contract amount is 6 million US dollars, of which 3 million US dollars have been paid as a deposit after the contract was signed. Without communicating with @ R10coin_ and obtaining their consent, Ronaldinho signed a cooperation agreement worth $10 million with another company and received a deposit of $5 million before starting to promote and preheat the company's token. After investigation, it was found that the company is located in Shenzhen, China and its behavior is extremely malicious. The company frequently releases worthless' meme coins' for false advertising, launching over ten fraudulent virtual currency projects every month. They used exaggerated marketing tactics to quickly attract investor funds, adopting a "quick harvest" model to quickly pull and smash the market, harvesting investor funds in just one hour, and then absconding with the funds. Ronaldinho sold his X account to a company in Shenzhen, China for $5 million to promote a cryptocurrency. As a victim@ R10coin_ hereby solemnly reminds all investors not to participate in any projects of the company. @R10coin_ hereby publicly condemns the fraudulent behavior of Ronaldinho and his partners, and will publicly disclose the contract signed with Ronaldinho and some promotional materials to prove their breach of contract and the original intention of @ R10coin_ cooperation BlockBeats note: Currently, the Ronaldinho X account has not responded to the above information. BlockBeats will continue to track and report on this event, reminding investors once again that Meme coin trading is highly volatile and relies heavily on market sentiment and speculative concepts, with no actual value or use case. Investors need to be aware of the risks involved.