FinTech news in doj category

A group of Voyager Digital customers filed a class-action suit in Florida federal court against Cuban as well as the basketball team he owns, the Dallas Mavericks, alleging their promotion of the crypto platform resulted in over 3.5 million investors losing $5 billion collectively.

Specifically, the SEC framed the following assets as securities: Power Ledger’s POWR token, Flexa’s AMP token, Rally’s RLY token, DerivaDEX’s DDX token, XY Labs’ XYO token, Rari Capital’s RGT token, Liechtenstein Cryptoassets Exchange’s LCX token, DFX Finance’s DFX token and Kromatika Finance’s KROM token.

The $1.5 billion in capital puts Haun Ventures in the company of other crypto native funds like Paradigm and Electric Capital, which have debuted large funds in recent months.