Mark Cuban and Dallas Mavericks Freed from Voyager Digital Fraud Case as Court Dismisses Lawsuit

A federal court has struck down a class-action litigation against Mark Cuban and the Dallas Mavericks, dismissing allegations that the celebrity investor and sports franchise had misled stakeholders regarding their involvement with Voyager Digital, according to reports from The Block on January 1, 2025.

The case centered on claims that Cuban made multiple misleading statements promoting Voyager Digital before the cryptocurrency lending platform's dramatic collapse. The platform's downfall was part of a broader cryptocurrency crash that devastated the digital asset market in 2022, erasing approximately $400 billion in total market value across the sector.

When Voyager Digital entered bankruptcy proceedings in Chapter 11, the platform held roughly $1.3 billion worth of cryptocurrency assets. The company's implosion had been triggered by the Terra blockchain's catastrophic failure, which sent shockwaves through the entire industry. This cascade of failures extended to Terra's founder Do Kwon, who was sentenced to 15 years in prison early this month, marking one of the most significant legal consequences for a crypto executive in recent years.

With the dismissal of this lawsuit, Cuban and the Mavericks have been cleared of the fraud allegations, though the case underscores the lingering legal complexities and investor disputes that emerged from the 2022 cryptocurrency crash and its aftermath. The ruling represents a significant development in the ongoing legal saga surrounding the platform's collapse and the broader market downturn that affected countless investors and projects.