Mark Cuban, a well-known billionaire who is a huge supporter of cryptocurrencies, is apparently being sued for promoting Voyager Digital’s failed cryptocurrency lending platform. The class action lawsuit was filed by investors and Dallas Mavericks fans.
Mark Cuban sued over Voyager Digital by investors and Mavericks fans.
Shark Tank star and NBA Dallas Mavericks owner Mark Cuban is apparently being sued by Voyager Digital investors and fans of his team.
JUST IN: Mark Cuban has been sued for allegedly promoting bankrupt #crypto lending platform Voyager Digital.
—Watcher.Guru (@WatcherGuru) August 11, 2022
“JUST IN: Mark Cuban has been sued for allegedly promoting bankrupt cryptocurrency lending platform Voyager Digital”.
Essentially, the class action lawsuit alleges Mark Cuban and Voyager Digital CEO Stephen Ehrlich acted as influencers of the platform that turns out to be a Ponzi scheme by tricking the platform’s customers into investing. their savings.
Mark Cuban and the Voyager Digital Scandal: What Happened?
In July Voyager Digital filed for bankruptcy by suspending all deposits, transactions and withdrawals on its platform, for a total amount of 10 billion dollars.
In the petition, it appears that the number of creditors affected by the bankruptcy was over 100,000.
In recent days it appears that the platform has obtained court approval to restore users’ access to cash held at the Metropolitan Commercial Bank. The amount released is $270 million in cash deposits that will be released to users in about ten days
Meanwhile, the platform has also announced that it is looking for a potential sale of the company.
The class action also concerns Mark Cuban, who allegedly participated in this platform by promoting it:
“I must add that I am a [Voyager] and I have been a customer for several months now. I love using it, it’s easy, it’s cheap, it’s fast, and the price is really good, so we think it’s a perfect solution for our Mavs fans and to reach fans Mavs of all ages”.
Recently, Mark Cuban also reportedly commented regarding the likely new rules that the United States Security and Exchange Commission (SEC) wants to put in place for the regulation of cryptocurrencies, calling them “nightmarish“.
Mark Cuban says the SEC will introduce rules for token registration that will be “the nightmare that awaits the cryptocurrency industry“.
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