Former NFL Star Rob Gronkowski must pay $1.9 million to settle a crypto investor lawsuit. The settlement is subject to approval by the court overseeing the lawsuit. The claims were brought against him by former customers of Voyager Digital, a cryptocurrency lender.
Former NBA All-Star Victor Oladipo and racecar driver Landon Cassill also struck deals with Voyager digital customers. Gronkowski became an ambassador for the crypto company in 2021. In addition, he was also a shareholder and holder of the company’s VGX token, which he advertised to his millions of fans across social media. Voyager filed for bankruptcy in 2022.
Upon the company filing for bankruptcy, a group of investors sued Mark Cuban and other Voyager promoters. This includes Gronkowski, Oladipo, and Cassill in 2023. A deal was reached between Gronkowski and the investors in February, and the settlement total has officially been announced. Furthermore, Rob Gronkowski is contributing $1.9 million to a pool totaling $2.4 million for investors for the crypto lawsuit.
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“Plaintiffs have now settled with Voyager promoters Cassill, Gronkowski, and Oladipo for millions of dollars in relief to the class leaving Co-Defendants Mark Cuban and the Dallas Mavericks as the remaining Defendants for trial in November 2024,” the settlement filing states. According to an accompanying exhibit, Gronkowski will pay $1.9 million, Oladipo will pay $500,000 and Cassill will pay $25,000 to settle the claims. Upon court approval of the settlement, the court will dismiss the lawsuit.