Federal Judge Dismisses Lawsuit Against Mark Cuban and Dallas Mavericks Over Voyager Crypto Collapse

• Judge dismisses lawsuit against Mark Cuban and Mavericks over Voyager crypto claims.

• Court says plaintiffs failed to prove Cuban or Mavericks did business in Florida.

• Voyager bankruptcy linked to crypto market collapse and Terra blockchain failure.

A judge of the federal court has tossed a lawsuit on class-action against Mark Cuban and the Dallas Mavericks. The case was based on the currently bankrupt cryptocurrency lender Voyager Digital. The investors accused the billionaire and the basketball team of marketing Voyager and falsely disclosing risks associated with it.

A US judge has thrown out the class-action case accusing Mark Cuban and others of misleading investors over bankrupt crypto lender Voyager Digital. What tipped the scales in court? #MarkCuban #VoyagerDigital #CryptoNews #Law https://t.co/KdYhA2SISE

— Token Talk (@TokenTalkin) January 1, 2026

The case was brought in August 2022, shortly after Voyager announced bankruptcy. Plaintiffs asserted that Cuban and the Mavericks were involved in false representations and other deceptive practices during their 2021  partnerships. The deal had been intended to last five years.

In the dismissal, Judge Roy Altman of the U.S. District Court for the Southern District of Florida cited a lack of personal jurisdiction. The plaintiffs did not prove that Cuban or the Mavericks conducted business in Florida. Travel to the state and property ownership in Miami Beach were insufficient to establish jurisdiction.

Claims of Misrepresentation and Omissions

The lawsuit accused Cuban and the Mavericks of misrepresenting Voyager’s financial stability. Investors argued the defendants downplayed crypto investment risks. However, the court found the plaintiffs failed to link Florida residents specifically to these claims.

Judge Altman noted that conspiracy jurisdiction could apply if Voyager itself were a defendant. However, Cuban and the Mavericks were the only defendants in the case. The plaintiffs did not argue that Voyager acted as a co-conspirator.

The complaint also invoked multiple state securities and consumer fraud laws. The court found that the allegations did not meet the legal standards necessary for proceeding in the Southern District of Florida.

Context of Voyager’s Bankruptcy

In August 2022, Voyager petitioned for Chapter 11 bankruptcy. It had approximately $1.3 billion of crypto assets at the time. This bankruptcy was in the midst of an economic slumping in the market. This decline was initiated partly due to the failure of the Terra blockchain ecosystem that wiped out an estimated $40 billion of market value.

Other huge crypto firms like FTX and Celsius Network, also went bankrupt during the same period. Do Kwon, co-founder of Terraform labs was recently sentenced to 15 years in prison due to his role in the collapse of Terra.

Legal Repercussions and Next Steps

The attorneys that defended Cuban and the Mavericks, affirmed the dismissal of the case. According to the decision of Judge Altman, the plaintiffs are prohibited to refreeze in the Southern District of Florida. The Moskowitz law firm, co-counsel to the plaintiffs, did not respond to comment requests when this was reported.

This firing underscores the problems that investors might face when they want to hold the public personalities responsible when they promote crypto companies. It also highlights the hardships of creating personal jurisdiction in interstate business conflicts.

The case contributes to the debate on the role that celebrities and sports franchises play in the marketing of financial products.