Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit

In a court document filed on May 3rd, it was disclosed that the upcoming settlement, pending judicial approval, will require NFL star Rob Gronkowski, NBA player Victor Oladipo, and racecar driver Landon Cassill to collectively contribute $2.4 million towards a fund.

In September 2021, Gronkowski took on the roles of brand endorser and shareholder for Voyager, as well as becoming the holder of their VGX token, according to a company announcement.

Voyager filed for bankruptcy in 2022.

In the same year that Dallas Mavericks owner Mark Cuban and other Voyager promoters were sued by a group of investors, Gronkowski and other promoters were added to the list of defendants last year. The investors recently disclosed they had reached an agreement with Gronkowski in February. Last week’s court filing signaled that the investors were prepared to move forward with “the initial installment of proposed Class Settlements,” which include Gronkowski, Oladipo, and Cassill.

The plaintiffs have reached settlements with Cassill, Gronkowski, and Oladipo, the promoters of Voyager, for substantial amounts of money. This development reduces the size of the class action lawsuit, leaving Mark Cuban and the Dallas Mavericks as the sole defendants set for trial in November 2024.

Based on the related exhibit, Gronkowski is set to contribute $1.9 million, Oladipo $500,000, and Cassill $25,000 to resolve the allegations. Should the court endorse this settlement, the accusations against these three individuals will be disregarded.

It so happened that the investors submitted their proposed court settlement only two days prior to the comedic roast event where Tom Brady, Gronkowski’s ex-teammate, was participating. During this roast, several comedians and celebrities made light-hearted comments about Brady’s past crypto endorsements, but they didn’t specifically mention FTX, the crypto exchange previously endorsed by Bankman-Fried.

At the comedy roast, Kevin Hart made light of the event’s location being the Kia Forum instead of the Crypto.com Arena to steer clear of reminders about Brady’s financial obligations. On the other hand, comedian Nikki Glaser opted for a more direct approach during the roast.

Tom, too, suffered a loss of $30 million in cryptocurrency. Remarkably, even Gronk expressed skepticism, commenting, “I knew that wasn’t real money,” she shared.