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

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Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit
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Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought against him by former customers of Voyager Digital, a cryptocurrency lender., which is still subject to approval by the court overseeing the civil lawsuit, will see the National Football League star known as"Gronk" pay into a $2.

"Plaintiffs have now settled with Voyager promoters Cassill, Gronkowski, and Oladipo for millions of dollars in relief to the class leaving Co-Defendants Mark Cuban and the Dallas Mavericks as the remaining Defendants for trial in November 2024," the filing said., Gronkowski will pay $1.9 million, Oladipo will pay $500,000 and Cassill will pay $25,000 to settle the claims. If the court approves the settlement, the claims against the three will be dismissed.

Coincidentally, the investors filed the proposed settlement with the court just two days before former NFL quarterback Tom Brady – Gronkowski's former teammate – participated in a comedic roast, which saw several comedians and other stars comment on Brady's previous crypto endorsements, though without mentioning FTX, Sam Bankman-Fried's defunct exchange Brady promoted.

Comedian Kevin Hart joked that the roast was taking place at the Kia Forum and not the Crypto.com Arena to avoid reminding people Brady owed them money, while fellow comedian Nikki Glaser took a more pointed approach. "Tom also lost $30 million in crypto. Tom, how did you fall for that? I mean, even Gronk was like, 'Me know that not real money,'" she said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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