Judge dismisses crypto lawsuit against Mark Cuban, Mavericks
ESPN••business
Key Points:
- A federal judge dismissed a 2022 cryptocurrency lawsuit against the Dallas Mavericks and former owner Mark Cuban, citing lack of personal jurisdiction.
- The plaintiffs claimed Cuban induced them to open interest-bearing accounts with Voyager by promoting the company and offering free Bitcoin incentives through the Mavericks.
- Cuban's defense argued he warned about financial risks, that Voyager assets were not securities, and that the court lacked jurisdiction over him and the team.
- Cuban has sold his majority stake in the Mavericks to Miriam Adelson, and his legal team expressed confidence in continuing to defend him if the case is filed elsewhere.
- The lawsuit was part of broader legal actions targeting athletes and celebrities who promoted bankrupt crypto platforms, with some defendants like Rob Gronkowski and Victor
