After Voyager Digital, a cryptocurrency lender, filed for Chapter 11 bankruptcy protection in July 2022, Cuban and the Dallas Mavericks were named in a class-action lawsuit that alleged that Voyager Digital was a Ponzi scheme the following month due to Cuban's promotion of Voyager and Voyager's sponsorship with the team. In February 2022, the U.S. 11th Circuit Court of Appeals ruled in a lawsuit against Bitconnect that the Securities Act of 1933 extends to targeted solicitation using social media.
