Bitcoin
Bitcoin (BTC)
$66,569.00 4.77701
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.07 2.7534
Ethereum price
BNB
BNB (BNB)
$590.03 4.01135
BNB price
Solana
Solana (SOL)
$169.91 8.99148
Solana price
XRP
XRP (XRP)
$0.5806690 2.11799
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 3.3636
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 8.52224
Pepe price
Bonk
Bonk (BONK)
$0.0000316 20.99116
Bonk price
Bitcoin
Bitcoin (BTC)
$66,569.00 4.77701
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.07 2.7534
Ethereum price
BNB
BNB (BNB)
$590.03 4.01135
BNB price
Solana
Solana (SOL)
$169.91 8.99148
Solana price
XRP
XRP (XRP)
$0.5806690 2.11799
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 3.3636
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 8.52224
Pepe price
Bonk
Bonk (BONK)
$0.0000316 20.99116
Bonk price
Bitcoin
Bitcoin (BTC)
$66,569.00 4.77701
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.07 2.7534
Ethereum price
BNB
BNB (BNB)
$590.03 4.01135
BNB price
Solana
Solana (SOL)
$169.91 8.99148
Solana price
XRP
XRP (XRP)
$0.5806690 2.11799
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 3.3636
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 8.52224
Pepe price
Bonk
Bonk (BONK)
$0.0000316 20.99116
Bonk price
Bitcoin
Bitcoin (BTC)
$66,569.00 4.77701
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.07 2.7534
Ethereum price
BNB
BNB (BNB)
$590.03 4.01135
BNB price
Solana
Solana (SOL)
$169.91 8.99148
Solana price
XRP
XRP (XRP)
$0.5806690 2.11799
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 3.3636
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 8.52224
Pepe price
Bonk
Bonk (BONK)
$0.0000316 20.99116
Bonk price

Investors sue NBA over ties with Voyager following $4.2b loss

investors-sue-nba-over-ties-with-voyager-following-4-2b-loss
Edited by
News
Investors sue NBA over ties with Voyager following $4.2b loss

The NBA faces a lawsuit due to its promotional associations with the now-defunct cryptocurrency exchange Voyager Digital Holdings Inc. 

According to investors, the partnership is responsible for financial damages amounting to $4.2 billion. According to Bloomberg reports, accusations of severe negligence have been leveled against the NBA for its promotional agreement involving Voyager and Mark Cuban, the previous Dallas Mavericks’ majority owner. 

The legal action follows a prior lawsuit against Cuban for his endorsement of what is now deemed a fraudulent and unregulated venture. In 2022, investors charged Mark Cuban with deceit over Voyager’s security assurances, alleging that his representations contributed to their financial losses. Cuban has dismissed these accusations as completely unfounded. 

Additionally, the Commodity Futures Trading Commission has pursued legal action against Voyager’s co-founder Stephen Ehrlich, accusing him of deceptive practices in managing a digital asset trading and custody platform. Ehrlich has countered these allegations, claiming his designation as a “scapegoat” for others’ misconduct.

The lawsuit highlights a broader trend of NBA teams engaging in promotional activities with cryptocurrency entities, including the beleaguered FTX exchange. FTX’s collapse led to fraud convictions for its founder, Sam Bankman-Fried.