Former NFL great Rob Gronkowski has agreed to pay $1.9 million to settle a Voyager Digital investor suit, according to court documents.
In 2021, the winner of multiple Super Bowls signed on to become a Voyager brand ambassador, shareholder, and holder of the Voyager's VGX token. The crypto lender then filed for bankruptcy the following year.
“All Settling Defendants have to provide collectively $2,425,000 in monetary relief,” the filing said. Defendants listed as part of this wave of proposed settlements include Gronkowski, NBA player Victor Oladipo, and racecar driver Landon Cassill. Should the proposed settlement be accepted by the court, Gronkowski will pay $1.9 million of the total sum, according to court documents.
The main defendant named in the class action lawsuit is Dallas Mavericks minority owner Mark Cuban. The billionaire was scheduled to be deposed in February as part of his defense in the lawsuit that alleges he promoted Voyager Digital.
At the end of 2022, Gronkowski's former teammate, quarterback Tom Brady, was also named in a class action lawsuit for promoting the now-bankrupt FTX.
About Author
RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.