A group of disgruntled Voyager investors has sued North America’s top basketball league, alleging it’s implicit and liable for their losses on the failed platform.
The National Basketball Association (NBA) is facing a proposed class-action lawsuit over its marketing deals with now-collapsed crypto lender Voyager Digital, which the platform’s users claim led to losses of over $4.2 billion.
The NBA was “grossly negligent” when it approved Voyager’s promotional deal with the Dallas Mavericks, claimed the over 100-page Feb. 6 suit filed in a Miami District Court. The filing details the marketing from the two firms and alleges the NBA was meant to “serve as the ‘gatekeeper.’”
“This lawsuit simply seeks to hold the NBA liable,” the class group claims. “The NBA’s widespread promotion of Voyager’s unregistered securities renders it liable for any and all resulting damages.”
