A new lawsuit accuses billionaire Shark Tank investor Mark Cuban of partnering with now bankrupt crypto platform Voyager Digital to dupe investors in “a massive Ponzi scheme.”
A class-action lawsuit filed on Wednesday on behalf of millions of investors alleges that 3.5 million Americans lost over $5 billion dollars in cryptocurrency assets through Voyager.
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 now 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.
Adam Moskowitz, the managing partner of the Miami-based Moskowitz Law Firm, which filed the suit at the US District Court in Southern Florida, said it’s not likely the bankruptcy process will get users their money back.
“I’ve never seen a bankruptcy where people come...
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