Three famous American sports figures have come together to settle claims related to their involvement in promoting the now-defunct cryptocurrency platform Voyager Digital. The settlement, totaling $2.42 million, sees retired NFL star Rob “Gronk” Gronkowski shouldering the largest portion at $1.9 million.
NBA player Victor Oladipo will contribute $500,000, while NASCAR driver Landon Cassill will pay $25,000. Notably, none of them admit to or deny the accusations.
The settlement encompasses all U.S. individuals who participated in Voyager’s Earn Program Account or purchased VGX tokens between October 2019 and the preliminary approval date. Additionally, there’s a request for attorney fees of about $792,000.
Gronkowski, known for his NFT collection debut in 2021, became deeply involved with Voyager as a partner, brand ambassador, shareholder, and VGX token holder in September 2021.
The legal representative of the investors, Adam Moskowitz, credits the athletes’ desire to assist their fans as a significant factor in reaching these settlements.
Adam added, “Gronk had a sincere empathy for all of his fans, even though he lost money with Voyager as well. It is no surprise he continues to be such a trusted and respected spokesperson.”
The class action initially targeted Dallas Mavericks owner Mark Cuban in 2022 before expanding to include Gronkowski and other Voyager promoters in 2023. Through mediation, the settlements aim to address concerns regarding the legality of Voyager’s products as potentially unregistered securities and whether promoters actively sought investors.
Voyager Digital is a company that helps people buy and sell cryptocurrencies like Bitcoin. Founded in 2018, it grew quickly and became popular among investors. Voyager also partnered with sports teams like the NBA’s Dallas Mavericks, offering fans special deals.
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