Community Leak: Ronaldinho Sells X Account to Shenzhen "Issuance" Team for $5 Million

BlockBeats News, March 3rd, according to User X @R10coin's disclosure, "Ronaldinho collaborated with a team in China (Shenzhen) to issue a token and defraud investors."

In May 2024, @R10coin officially began discussions with Ronaldinho regarding issuing a cryptocurrency. After over six months of detailed negotiations, in January 2025, @R10coin and Mr. Ronaldinho officially signed a cooperation agreement. The total amount of the contract was $6 million, of which $3 million was paid as a deposit shortly after the contract was signed.

Without communicating with @R10coin or obtaining their consent, Ronaldinho proceeded to sign another cooperation agreement with a different company worth $10 million and received a $5 million deposit. He then began promoting and hyping up the token for that company.

An investigation revealed that the company is based in Shenzhen, China, and its actions were extremely malicious. The company frequently released worthless "meme coins" for false advertising, launching over ten fraudulent cryptocurrency projects each month. They rapidly attracted investor funds using exaggerated marketing tactics, followed a "pump and dump" scheme, quickly pumped up the price, dumped their holdings within an hour, and then absconded 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 solemnly warns all investors not to participate in any projects associated with this company.

@R10coin publicly denounces Ronaldinho and his partners' fraudulent activities, and will publicly disclose the contract signed with Ronaldinho and some promotional materials to demonstrate his breach of contract and @R10coin's original intent of cooperation."

BlockBeats Note: Currently, Ronaldinho's X account has not responded to the above information.

BlockBeats will continue to follow up on this incident and once again remind investors that meme coin trading is highly volatile, heavily reliant on market sentiment and hype, lacks actual value or use case, and investors should be aware of the risks.