Recently, well-known figures in American athletics took a significant leap forward in a lawsuit against Voyager Digital. Retired NFL star Rob “Gronk” Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill collectively settled at $2.42 million to address allegations regarding their involvement in promoting Voyager Digital.

In the settlement, Gronkowski stands to pay the largest sum, which totals $1.9 million. Meanwhile, Oladipo is set to pay $500,000, and Cassill will contribute $25,000. Importantly, all three sports personalities agreed to the settlement without conceding or refuting the allegations.

This resolution proposition defines all individuals in the United States who engaged in a Voyager Earnings Program Account registration or acquired VGX tokens before October 2019. In addition to green-lighting the $2.42 million settlement, the claimants are looking to seek around $792,000 to cover attorney fees.

In 2021, Gronkowski ventured into the NFT arena, unveiling a collection and establishing ties as a partner, brand ambassador, shareholder, and VGX token holder at Voyager. Adam Moskowitz, the legal representative for the investors, emphasized that the athletes' decision to settle was rooted in a genuine wish to support their supporters. Moskowitz iterated, mentioning, “Despite enduring financial setbacks with Voyager, Gronk harbored authentic empathy for all his followers.”

A consortium of investors instigated a class action lawsuit against Mark Cuban, owner of the Dallas Mavericks, in 2022, which later expanded in 2023 to include Rob Gronkowski and other endorsers of Voyager. The lawsuit’s core focus honed in on whether the products offered by Voyager were unregistered securities and if the endorsers misled investors.

Throughout the lawsuit proceedings, multiple settlements were struck through mediation between the contending sides. The objective of these agreements was to address uncertainties within the sector and foster reconciliation among the involved parties. Notably, endeavors were directed toward rectifying market disturbances subsequent to Voyager Digital's insolvency declaration. Turbulent events such as the Terra/Luna collapse in May and the loan defaults attributed to the Three Arrows Capital hedge fund triggered substantial disruptions in the segment.

Nonetheless, in April, Voyager Digital embarked on a significant move by offering a sum of $484 million to reimburse its creditors. These funds were acquired through settlements reached with FTX, Three Arrows Capital, and reimbursement from Directors and Officers (D&O) insurance claims.