{"id":19990,"date":"2024-05-08T17:00:39","date_gmt":"2024-05-08T17:00:39","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19990"},"modified":"2024-05-08T10:35:51","modified_gmt":"2024-05-08T10:35:51","slug":"sports-stars-settle-allegations-in-voyager-digital-case","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sports-stars-settle-allegations-in-voyager-digital-case\/","title":{"rendered":"Sports Stars Settle Allegations in Voyager Digital Case"},"content":{"rendered":"<p><strong>Rob \u201cGronk\u201d Gronkowski and Victor Oladipo,<\/strong> retired NFL and NBA legends, respectively, have settled allegations in the new legal case surrounding <strong>NASCAR driver Landon Cassill<\/strong> involving cryptocurrency exchange Voyager Digital. The trio decided to split the bill in three and each pay <strong>$2.42\u00a0million<\/strong> to settle claims alleging their role in the marketing of the bankrupt exchange.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/sports-stars-settle-allegations-in-voyager-digital-case\/#Gronkowski_Oladipo_and_Cassill_Resolve_Legal_Dispute\" title=\"Gronkowski, Oladipo, and Cassill Resolve Legal Dispute\">Gronkowski, Oladipo, and Cassill Resolve Legal Dispute<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/sports-stars-settle-allegations-in-voyager-digital-case\/#24_Million_Settlement_Reached_in_Class_Action_Lawsuit\" title=\"$2.4 Million Settlement Reached in Class Action Lawsuit\">$2.4 Million Settlement Reached in Class Action Lawsuit<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Gronkowski_Oladipo_and_Cassill_Resolve_Legal_Dispute\"><\/span>Gronkowski, Oladipo, and Cassill Resolve Legal Dispute<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As per a class action settlement filed on May 3, Gronkowski will have to bear the majority of the bill, which equates to $1.9\u00a0million; Oladipo contributed 500,000, while Cassil contributed 25,000. Significantly, all three athletes agreed with the settlements without admitting or denying any of the allegations against them.<\/p>\n<p>The settlement covers all U.S. persons who executed a Voyager Earn Program Account or acquired VGX tokens from October 2019 to the preliminary approval date. Moreover, plaintiffs seek to claim about $792,000 in attorney fees as a part of the settlement.<\/p>\n<p>Adam Moskowitz, who was the attorney for the football players, emphasized that the athletes were a key in making the settlements happen because of the in-built empathy that Gronkowski had for his fans that they wanted to help him, and despite not getting their desired cut when he was injured and unable to play, the fact of the matter is that Gronkowski accomplished a lot with the money that he did receive. Gronk was truly empathetic towards all of his fans and lost money with Voyager as well; however, he continues to be a staple of trust as the spokesperson.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"24_Million_Settlement_Reached_in_Class_Action_Lawsuit\"><\/span>$2.4 Million Settlement Reached in Class Action Lawsuit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After a class-action lawsuit was filed against Dallas Mavericks owner Mark Cuban in 2022, this lawsuit was amended to encompass Gronkowski and other Voyager promoters in 2023. The mediation discussions centered on concerns over whether the Voyager products should be registered as securities and the promoters\u2019 solicitation of investors.<\/p>\n<p>The ultimate financial struggle for Voyager Digital was when it filed for bankruptcy in July 2022, triggered by the market turbulence associated with the Terra\/Luna collapse and default on debts to the Three Arrows Capital hedge fund. But the latest developments point to some compensation to creditors, with Voyager receiving <strong>$484 million<\/strong> from settlements with FTX, Three Arrows Capital, and directors and officers insurance claims in April.<\/p>\n<p>The resolution of the legal matter with respect to Gronkowski, Oladipo, and Cassill is a key blocking stone in the way of the Voyager Digital collapse aftermath, providing consolation for the suffered investors and other stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rob \u201cGronk\u201d Gronkowski and Victor Oladipo, retired NFL and NBA legends, respectively, have settled allegations in the new legal case surrounding NASCAR driver Landon Cassill involving cryptocurrency exchange Voyager Digital. The trio decided to split the bill in three and each pay $2.42\u00a0million to settle claims alleging their role in the marketing of the bankrupt<\/p>\n","protected":false},"author":6,"featured_media":19993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[5947,1390,5948],"class_list":["post-19990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-gronkowski","tag-lawsuit","tag-voyager-digital-case"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sports Stars Settle Allegations in Voyager Digital Case - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Sports stars Gronkowski, Oladipo, and Cassill agree to pay $2.42 million to settle allegations in Voyager Digital case, marking a pivotal moment in the aftermath of the exchange&#039;s collapse.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sports-stars-settle-allegations-in-voyager-digital-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Stars Settle Allegations in Voyager Digital Case - 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