NBA Sued Over Deal With Failed Crypto Exchange Voyager (1)

The National Basketball Association was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital Holdings Inc., which investors claim led to $4.2 billion in losses.

The NBA was “grossly negligent” in agreeing to a marketing deal between Voyager and Mark Cuban, the former owner of the NBA’s Dallas Mavericks, the investors alleged in a suit filed Tuesday in Miami. The investors previously sued Cuban for promoting the exchange, which they called “an unregulated and unsustainable fraud” after its collapse in 2022.

Several NBA teams had marketing deals with crypto firms, including the ...