{"id":26063,"date":"2024-02-08T08:54:42","date_gmt":"2024-02-08T08:54:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nba-under-fire-for-4-2-billion-loss-linked-to-voyager-affiliation\/"},"modified":"2024-02-08T08:54:42","modified_gmt":"2024-02-08T08:54:42","slug":"nba-under-fire-for-4-2-billion-loss-linked-to-voyager-affiliation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nba-under-fire-for-4-2-billion-loss-linked-to-voyager-affiliation\/","title":{"rendered":"NBA Under Fire for $4.2 Billion Loss Linked to Voyager Affiliation"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Investors blame the NBA for a startling $4.2 billion financial loss in an unexpected turn of events. In the league\u2019s collaboration with Voyager and the previous owner of the Dallas Mavericks, <a href=\"https:\/\/igaming.org\/crypto\/mark-cuban-on-cryptos-nfts-and-musk-in-interactive-qa\/\">Mark Cuban<\/a>, the article from Bloomberg exposes grave charges of incompetence.<\/p>\n<p>The court case is a result of an earlier lawsuit that was filed against Cuban for supporting an endeavor that is currently being called fraudulent. According to the investors, they suffered significant financial loss as a result of Cuban\u2019s false claims regarding Voyager\u2019s security. These claims are sharply refuted by Cuban, who calls them unfounded.<\/p>\n<p>Meanwhile, the Commodity Futures Trading Commission has set its sights on Voyager\u2019s co-founder, Stephen Ehrlich. They accuse him of deceptive practices in managing a digital asset trading platform. Ehrlich refutes these claims, asserting that he\u2019s being made a \u201cscapegoat\u201d for others\u2019 wrongdoings.<\/p>\n<h2><strong>Cryptocurrency Entanglement<\/strong><\/h2>\n<p>The lawsuit brings attention to the NBA\u2019s practice of working with cryptocurrency companies; this practice was highlighted by the unfortunate affiliation with the now-defunct FTX exchange. FTX\u2019s founder, Sam Bankman-Fried, was found guilty of fraud as a result of the company\u2019s collapse.<\/p>\n<p>The NBA, Voyager, and their equivalents are enmeshed in a whirlwind of court action and public scrutiny during the legal upheaval. The repercussions for professional sports and the bitcoin business are yet unknown as the court struggle progresses.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/nba-under-fire-for-4-2-billion-loss-linked-to-voyager-affiliation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Investors blame the NBA for a startling $4.2 billion financial loss in an unexpected turn of events. In the league\u2019s collaboration with Voyager and the previous owner of the Dallas Mavericks, Mark Cuban, the article from Bloomberg exposes grave charges of incompetence. The court case is [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":26064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26063"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26063"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26064"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}