Last year, CoinGeek reported that the digital currency lending platform Voyager Digital was insolvent.
Now, as part of a lawsuit against him for promoting it, billionaire entrepreneur and Shark Tank personality Mark Cuban will be deposed in Dallas, Texas, on February 2.
BREAKING: Billionaire Mark Cuban is set to be questioned under oath on Feb. 2 in Dallas, Texas over his promotions of now-defunct #Crypto Ponzi scheme #Voyager Digital, according to a court order. pic.twitter.com/FW1flFXuRl
— CryptoVinco (@CryptoVinco) January 10, 2023
The lawsuit was initiated by discontented users who claimed Cuban misrepresented Voyager in promotional materials. The suit alleges that Voyager was a “massive Ponzi scheme” and points out that Cuban aggressively promoted it to unsuspecting retail speculators.
Cuban’s statements included one that Voyager was “as close to risk-free as you’re gonna get in the crypto universe.”
Cuban’s request to split the deposition denied
Cuban requested that the deposition be split into two hearings, but U.S. Magistrate Judge Lisette M. Reid denied the request. The full deposition will take place on February 2, 2023.
Two employees of the Dallas Mavericks, the professional basketball team Cuban owns, will also be deposed before the end of the month.
What happened to Voyager Digital?
Voyager was one of the many casualties of the LUNA/UST collapse that unleashed widespread chaos in the digital currency markets. It filed for Chapter 11…
