Mark Cuban and Voyager CEO, Stephen Ehrlich, duped inexperienced investors into purchasing crypto on Voyager, which filed for bankruptcy in July, a new...
Shark Tank
Voyager temporarily suspended all trading and withdrawals on its platform on July 1 shortly before filing for bankruptcy in New York on July 5, listing both assets and liabilities between $1 billion and $10 billion. Voyager users are waiting to see if they will get their money back when the company comes out of bankruptcy, either on its own or with a new owner.
Cuban’s NBA team and Voyager CEO Stephen Ehrlich are also listed as defendants. The lawsuit said Cuban, Ehrlich and the Mavs should pay the victims back. The Mavsin 2021 that made it the team’s first cryptocurrency brokerage and international partner. Fans were given a limited deal where if they deposited $100 and traded at least $10 by the end of the month, they got a $100 reward. The influx of new users was so great that Voyager added a waitlist.
“Hundreds have called and said, ‘The only reason I got into Voyager and crypto is Cuban. He’s the only person I’d respect enough to put my life savings in these accounts,’” Moskowitz said.
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