Mark Cuban Not Leaping Ship On Crypto Amid FTX Scandal

FTX is perhaps doomed, however Mark Cuban is not giving up on crypto simply but … telling TMZ Sports activities there’s nonetheless a ton of worth within the digital forex, regardless of the change’s large disaster.

We spoke with the billionaire Mavs proprietor out in NYC this week … and he advised us that even amidst tough occasions, he believes cryptocurrency nonetheless has relevance when appropriately used.

“Separate the sign from the noise,” Cuban mentioned. “There’s been lots of people making lots of errors, but it surely does not change the underlying worth.”

Cuban mentioned that so long as shoppers have viable choices within the crypto world, he does not foresee the forex going into the tank.

As we reported, Tom Brady, Gisele Bündchen, Steph Curry, Shaquille O’Neal, Udonis Haslem, David Ortiz, Trevor Lawrence, Shohei Ohtani, and Naomi Osaka are all a part of a lawsuit claiming FTX honcho Sam Bankman-Fried enlisted their assist to scheme folks.

We requested Mark about Bankman-Fried, who’s accused of making the fraudulent cryptocurrency scheme meant to make the most of buyers, and the billionaire thinks jail time is imminent for the 30-year-old.

“I do not know all the main points, but when I have been him, I would be afraid of going to jail for a very long time,” Cuban mentioned. “I talked to the man and thought he was good.”

“I had no thought he was going to take different folks’s cash and put it to his private use.”