Mark Cuban Caught in Bankruptcy of Crypto Lender Voyager
— Lender, Mavericks, Voyager, Mark, Cuban, Digital, Dallas, Money, Caught, Bankruptcy — 1 min read
Mark Cuban signed a five-year contract linking his NBA team, the Dallas Mavericks, to the crypto lender Voyager Digital last October. Voyager Digital is one of the collateral victims of the crisis of confidence having wiped out more than $2 trillion from the crypto market since all-time highs were set in November. The firm also offers loans and staking services, which are a kind of rewards for holding certain coins. It was its lending business that got it into trouble: Voyager appears to have loaned its clients' funds to crypto hedge fund Three Arrows Capital, also known as 3AC, which defaulted last month on a loan of $667 million granted to it by Voyager. Many retail investors claim to have invested in Voyager or to have gone through the platform after the partnership with the Source