Mark Cuban says he'd be afraid of going to jail if he were him

Mark Cuban, the billionaire owner of the Dallas Mavericks, believes that cryptocurrencies are not going anywhere, but suggests that Sam Bankman- Fried, the disgraced FTX founder, might be heading to a correctional facility.

I don't know all the details, but if I were him, I d be afraid of going to jail for a long time, Cuban told TMZ. I talked to the guy and thought he was smart. I had no idea that he was going to take other people's money and put it to his personal use. How smart money is playing the game of criptocurrency.

Cuban has been an ardent proponent of cryptocurrencies, in the past claiming that the popular meme coin Doge coin was real money and the strongest medium of exchange. In recent months he has sparked controversy about his role in promoting the now bankrupt criptocurrency Voyager.

The class-action lawsuit accuses Cuban and Voyager CEO Stephen Ehrlich of going to great lengths to use their experience as investors to dupe millions of Americans into investing their life savings into the deceptive Voyager platform and purchasing Voyager earn program accounts, which are unregistered securities. Over 3.5 million Americans have lost $5 billion in cryptocurrencies assets as a result of this. Cuban, who is an ether maximalist, doubled down by saying that the FTX collapse will not be a death knell for the industry. Cuban said that they separated the signal from the noise.