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Peter Schiff, a popular Bitcoin critic, has recently accused the billionaire Mark Cuban of the drastic crypto crash in the highly volatile cryptocurrency market. Peter Schiff is known for his criticism of digital assets as well as the promoters. He has pointed out his view on the Class Action suit on Mark Cuban that Mark Cuban has promoted Voyager Digital as a promoter of Bitcoin cryptocurrency for money.
Peter Schiff is satisfied with the lawsuit against Mark Cuban and crypto investors will be ready to sue cryptocurrency promoters who cashed out after the burst of the Bitcoin bubble. Moskowitz Law Firm had filed a Class Action suit against Mark Cuban on August 11, 2022, with the litigation on behalf of crypto investors who suffered huge losses due to the cryptocurrency scam related to Voyager Digital. Peter Schiff considers that Mark Cuban had the knowledge of Voyager Digital being a cryptocurrency scam yet, he promoted it for gaining money. The Bitcoin critic also believes that there are more legal actions on the way for Mark Cuban regarding the huge losses for the cryptocurrency scam. According to Peter, Mark Cuban grabbed the golden opportunity to make huge profits from crypto investors through this cryptocurrency scam.
Mark Cuban is a popular billionaire as well as a Shark Tank investor who promoted the popular cryptocurrency lender, Voyager Digital, in the highly volatile crypto market. He promoted the platform by saying it was easy, cheap, and efficient with good pricing. He also claimed, the untapped potential of the cryptocurrency market to maximize the return on investment through cryptocurrencies like Bitcoin. Crypto investors also would get a chance to diversify their portfolios with the use of more than 60 cryptocurrency assets.
Voyager Digital and its CEOs Stephen Ehrlich and Mark Cuban have faced a lawsuit alleging that they have lured millions of crypto investors to make a profitable investment on this platform in multiple deceptive ways. Thus, the lawyers are asking for overseeing Chapter 11 of the cryptocurrency lending platform to pause the lawsuit filed. It has also been approved to return US$270 million to crypto investors in customer cash. According to Crunchbase, the total funding of the cryptocurrency lender amounts to US$360.1 million in the crypto market.
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