Coinspeaker
Voyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender
A group of aggrieved Voyager Digital investors has sued the National Basketball Association (NBA) for its alleged role in the losses they suffered on the now-defunct platform. According to the proposed class-action lawsuit, the NBA exhibited gross negligence when it approved a promotional deal between Voyager Digital and the Dallas Mavericks basketball team.
The suit was filed on February 6 in a Miami district court and states that it simply seeks to hold the NBA liable for losses of over $4.2 billion suffered by investors. It added that the NBA’s widespread promotion of Voyager’s unregistered securities renders it liable for any and all resulting damages.
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