Ronaldinho Allegedly Sold Twitter for $5M to Promote Crypto Scam
5 mins mins
Key Points:
Ronaldinho allegedly breached a $6M crypto deal for a $10M contract.
Blockchain reports suggest insider trading in $STAR10 with suspicious wallet activity.
A leaked email links legal issues to Ronaldinho’s withdrawal from promotion.
Regarding $STAR10, a recent cryptocurrency linked to former Brazilian footballer Ronaldinho has been accused of violating a cryptocurrency cooperation agreement, allegedly partnering with a Shenzhen-based company to issue tokens while failing to honour an existing contract.
The controversy follows accusations that Ronaldinho breached a $6 million crypto agreement by signing a competing $10 million deal with a separate company. Reports from Lookonchain and Onchain Lens indicate large token transfers and rapid price increases, suggesting insider trading.
Additionally, a leaked email from February 10 reveals that legal troubles from previous crypto endorsements influenced R10’s decision to withdraw from a promotional campaign.
Ronaldinho Accused of Double-Dealing in $6M Crypto Contract Dispute
According to X platform user R10coin, negotiations for a cryptocurrency launch with Ronaldinho began in May 2024. In January 2025, a formal cooperation agreement was signed, with a total contract value of $6 million.
The company reportedly paid a $3 million deposit to secure the deal. However, R10 allegedly signed another agreement worth $10 million with a separate company, collecting a $5 million deposit and proceeding to promote different tokens under the new partnership.
R10coin has accused the Shenzhen-based company of frequently releasing meme tokens that collapse shortly after launch.
The company allegedly attracts investor funds through misleading promotions before orchestrating rapid market crashes and withdrawing investor funds. The practice, described as a “quick scam model,” has reportedly resulted in significant financial losses for those involved.
Leaked Email Reveals Ronaldinho Backed Out of Crypto Promotion
A leaked email exchange from February 10, 2025, suggests that legal issues surrounding Dinho’s previous crypto endorsements influenced his decision not to proceed with a scheduled promotional video campaign. The email states:
“Unfortunately, it was not possible to record the videos with Ronaldinho in time as per agreement. The main reason for not proceeding with this partnership is because of the recent legal case against Ronaldinho in Brazil due to a crypto endorsement and next week’s court audiences. They have been extremely cautious about this sector, and when we entered the discussion about a meme coin, this made Ronaldinho’s team very nervous.”
Additionally, the email indicates that a refund of payments made to Ronaldinho’s team was promised, stating:
“Candida will make the refund of all the moneys paid tomorrow.”
Signed Contract Between Ronaldinho and the Involved Parties. Image via X platform user R10coin
On March 3, additional reports from R10coin occurred alleging that Ronaldinho sold his Twitter account for $5 million to a company in Shenzhen, China, to promote a cryptocurrency.
The report suggests that the company behind the purchase planned to cash out and dump on investors just one hour after launch, raising further concerns about potential fraud and market manipulation.
This is a scam! Ronaldinho sold his Twitter account for $5 million to a company in Shenzhen, China to promote a cryptocurrency.
Blockchain analytics reports from Lookonchain and Onchain Lens have revealed suspicious trading activity within the $STAR10 ecosystem.
A wallet identified as 0x01D9…E14D, linked to the $STAR10 team, spent 80 BNB (approximately $50,000) to acquire 122.45 million $STAR10 tokens, representing 12.24% of the total supply. The wallet later sold 1 million $STAR10 for 433 BNB ($270,000), leaving 121.44 million tokens valued at $33.5 million.
Blockchain transactions Indicate that the DEV wallet of STAR10 receives funds via Allbridge before making suspicious trades. Image via Lookonchain
Additionally, the same wallet transferred 0.15 BNB to another wallet associated with the $STAR10 development team (0x8218…AF37) for gas fees. Further analysis indicates that both 0x01D9…E14D and the developer wallet (0xb36E…790d) received funds from the Allbridge cross-chain protocol.
Onchain Lens further identified an insider wallet (0x4c25af8cb1c34441fc17550df8e16ec953cf12e0) making substantial profits. This address reportedly spent 48 BNB ($29,247) to purchase 20.79 million $STAR10 tokens.
A trading chart for $STAR10 shows sharp price movements, possibly influenced by insider trading activities, as flagged by blockchain analysts. Image via @OnchainLens
The wallet has sold 119,278 $STAR10 for 54 BNB ($33,106) so far while still holding 20.68 million tokens, valued at $4.93 million. As of this writing, STAR10 is trading at around $0.29, rising about 85,000% since its launch at 22:00 (UTC) on 2 March (DexScreener data).
1H chart of STAR10/WBNB pair, screenshot on Dexscreener at noon (UTC) on March 3, 2025
Ronaldinho Faces Lawsuit Over Crypto Scandals and NFT Allegations
Dinho has been involved in multiple cryptocurrency and NFT-related projects, some of which have faced scrutiny and allegations of misconduct. Notable incidents include:
18kRonaldinho – A project accused of being a $61 million pyramid scheme, which Ronaldinho later distanced himself from.
Graph Blockchain’s New World Inc. – A 2022 partnership to promote NFTs.
P00LS Decentralized Exchange – Ronaldinho launched his token, RON, in 2022.
World Cup Inu – A project suspected of being a pump-and-dump scheme.
Atari Chain and Lord Society NFT – Concerns were raised about legitimacy.
Baby Doge and WATER – Promoted speculative meme coins.
R10coin has announced plans to sue Ronaldinho and the Shenzhen-based company, promising to disclose contract details and promotional materials as evidence.
The user “R10coin” has urged investors to remain cautious, warning that projects associated with Ronaldinho and the Shenzhen group could result in financial losses. As of now, Ronaldinho or the $STAR10 team have not officially responded to these allegations.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
