As a researcher with a background in finance and law, I find this settlement between Rob “Gronk” Gronkowski, Victor Oladipo, and Landon Cassill, and the investors of Voyager Digital, quite intriguing. The fact that these three well-known American sports figures have come together to settle claims related to their involvement with Voyager is a testament to the complexities and challenges of the cryptocurrency market.
Three well-known American athletes associated with Voyager Digital, a formerly operational cryptocurrency platform, have reached an agreement to resolve claims connected to their past endorsements. The total settlement amount is $2.42 million, with retired NFL star Rob “Gronk” Gronkowski contributing the largest share of $1.9 million.
NBA athlete Victor Oladipo is donating half a million dollars, and NASCAR racer Landon Cassill is chipping in with twenty-five thousand dollars. Neither of them has acknowledged or refuted the allegations.
As a researcher studying this case, I can explain that the settlement applies to every U.S. citizen who took part in Voyager’s Earn Program or bought VGX tokens between October 2019 and the date of preliminary approval. Furthermore, there is a proposed payment of around $792,000 for attorney fees.
As a researcher delving into the world of cryptocurrencies and non-fungible tokens (NFTs), I came across an intriguing figure by the name of Gronkowski. This individual made headlines in 2021 with his entry into the NFT market. My interest piqued, I followed his journey closely and discovered that he had forged a deep connection with Voyager.
Adam Moskowitz, acting on behalf of the investors, attributes the athletes’ eagerness to engage with their fanbase as a crucial element in bringing about these resolutions.
Adam remarked, “Gronk genuinely cared for all his fans despite incurring losses with Voyager. It’s no wonder he remains a reliable and esteemed endorser.”
In 2022, a class action lawsuit initially focused on Dallas Mavericks owner Mark Cuban over allegations related to Voyager’s questionable products. The scope of the lawsuit broadened in 2023 to encompass Gronkowski and other Voyager promoters. Mediation efforts are underway with the goal of resolving concerns regarding the securities status of Voyager’s offerings and any involvement by promoters in soliciting investors.
Voyager Digital is a dynamic business platform that facilitates the purchase and sale of cryptocurrencies such as Bitcoin for individuals. Established in 2018, this company has experienced remarkable growth and gained significant traction within the investor community. Additionally, Voyager has formed strategic partnerships with notable entities, including the NBA’s Dallas Mavericks, to provide exclusive deals for fans.
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2024-05-08 12:05