Crypto Voyager Digital Crash Has Mark Cuban Under Threat of Legal Action
The billionaire and crypto investor, Mark Cuban touted Voyager Digital. Now Voyager Digital has filed for bankruptcy with many investors suffering huge losses.
Cryptocurrency Voyager Digital filed for Chapter 11 bankruptcy, and now criticism of the billionaire and owner of the NBA Dallas Mavericks team has reportedly reached a fever pitch on social media.
A class action lawsuit against Cuban, and the Dallas Mavericks is now in motion with other lawsuits perhaps to follow. The Voyager Digital cryptocurrency, lauded by Mark Cuban, crashed down to zero. It joins many other over hyped cryptocurrencies that have crashed over the summer of 2022. Investors have lost hundreds of thousands, with total losses in perhaps billions of dollars.
Business Insider reported: "Cuban has said that 80% of his investments outside of the television show "Shark Tank" are related to cryptocurrencies. He's currently in hot water for one of them, being slapped with a class-action lawsuit earlier this month for promoting bankrupt crypto exchange Voyager Digital. Voyager's bankruptcy led to losses of $5 billion for its investors, according to Fortune, which includes Cuban, who said that he was a customer of crypto exchange."
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