The class action lawsuit against Mark Cuban and the Dallas Mavericks regarding cryptocurrency has been dismissed

According to The Block, 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 claims 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 the cryptocurrency assets on its platform was approximately $1.3 billion. Voyager's collapse was part of a broader market downturn triggered by the collapse of the Terra blockchain, which resulted in about $40 billion in market value evaporating and ultimately led to its founder Do Kwon being sentenced to 15 years in prison earlier this month.