Retired NFL star Rob “Gronk” Gronkowski was the top payout and will pay $1.9 million, according to the lawsuit. NBA player Victor Oladipo agreed to pay $500,000, and NASCAR driver Landon Cassill agreed to pay a relatively lower amount of $25,000. The important point is that these three sports stars neither accept nor deny the allegations.

The agreement covers all US individuals who signed up for a Voyager Earn Program Account or purchased VGX tokens from October 2019 through the tentative approval date. This situation reveals the breadth of the investor base that suffered losses as a result of Voyager’s bankruptcy.

The plaintiffs are seeking approximately $792,000 in attorney fees, as well as payments to the athletes. This shows that litigation has become a very costly process for Voyager investors.

So, what was the reason for the athletes to reach this agreement? The athletes’ legal representative, Adam Moskowitz, said this was mainly because the athletes “really wanted to help their fans.” Moskowitz specifically mentioned Gronkowski’s sincerity towards his fans despite the lost money. This may be due to the fact that athletes do not want to risk their careers.

Another important aspect of this case is that it is a class-action lawsuit filed in 2022 against Dallas Mavericks owner Mark Cuban. Plaintiffs also named Gronkowski and other Voyager promoters in the lawsuit in 2023. This highlights the need for celebrities to be careful when promoting cryptocurrency exchanges. Because misdirection can cause investors to suffer serious losses.

The negotiation process of the agreement is also remarkable. The parties engaged in a mediation process aimed at resolving two key issues: whether Voyager products were unregistered securities and whether the athletes were soliciting investors. This reveals the inadequacy of regulations in the cryptocurrency market and the legal uncertainties that can be encountered in such cases.

As a result, this agreement reintroduces the role and responsibility of celebrities in the cryptocurrency industry. Million-dollar payments from athletes underline the need to be careful in promoting cryptocurrency exchanges. At the same time, he emphasizes the need to strengthen legal regulations in the cryptocurrency market.

In April, Voyager Digital raised $484 million by making agreements with FTX, Three Arrows Capital and insurance companies to partially pay its creditors. However, this agreement does not eliminate the deep scars left by Voyager’s bankruptcy on investors.