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

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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. Learn how smart money is playing the game of criptocurrency.

Cuban has been a strong proponent of cryptocurrencies, in the past claiming the Doge coin was real money and the strongest medium of exchange. He has gotten controversy for his role promoting now bankrupt criptocurrency lender Voyager in recent months.

The class-action lawsuit states that the Voyager earn program accounts are unregistered securities because of the fact that they were used by Cuban and Voyager CEO Stephen Ehrlich to dupe millions of Americans into investing their experience as investors to steal millions of dollars from the deceptive Voyager platform and purchase Voyager earn program accounts, which are unregistered securities. Over 3.5 million Americans have lost $5 billion in digital currency assets as a result of this. Cuban, who is an ethereum maximalist, doubled down on his belief that the FTX collapse will not be a death knell for the industry. Cuban said that the signal was separated from the noise.