The cryptocurrency class-action lawsuit against Mark Cuban and the Dallas Mavericks has been dismissed.
a cryptocurrency class action lawsuit accusing Mark Cuban and the Dallas Mavericks of deceiving investors by promoting the now-bankrupt cryptocurrency lending platform Voyager Digital has been dismissed.
The lawsuit claimed that Cuban made multiple false statements about the company before Voyager filed for bankruptcy protection (Chapter 11) in 2022. At the time of Voyager's bankruptcy filing, the value of crypto assets on its platform was approximately $1.3 billion. Voyager's collapse was part of a broader market downturn triggered by the Terra blockchain crash, which wiped out about $40 billion in market value and ultimately led to its founder Do Kwon being sentenced to 15 years in prison earlier this month.
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