Investors in the bankrupt crypto platform Voyager have appealed the dismissal of their claims against Mark Cuban and the Dallas Mavericks to the Eleventh Circuit Court of Appeals.
The case stems from Voyager’s 2022 collapse, which wiped out billions in customer funds. Investors allege that Mark Cuban and the Mavericks promoted Voyager as a safe and legitimate platform, lending their credibility to what turned out to be a fraudulent operation.
A federal judge previously dismissed the lawsuit, but the appellate court will now review whether the claims should proceed. The outcome could have significant implications for celebrity and brand endorsements in the crypto industry.
Cuban has faced multiple legal entanglements related to crypto promotions. The case highlights the growing legal exposure for high-profile figures who endorse digital asset platforms without conducting adequate due diligence.
