Mavericks and Mark Cuban to file protest after loss to Warriors

DALLAS — Dallas Mavericks owner Mark Cuban said he plans to protest a two-point loss to Golden State after a confusing sequence led to an uncontested basket for the Warriors on Wednesday night.

Kevon Looney had an easy dunk on an inbounds play with the Mavericks lined up on their offensive end after a timeout late in the third quarter of Golden State’s 127-125 victory.

The Mavericks thought they had the ball after official Andy Nagy pointed in Golden State’s direction for possession but then quickly pointed to the Dallas bench to indicate a timeout.

Looney protested when Nagy pointed toward the Dallas bench, but Nagy appeared to explain that he was signaling the timeout.

The public address announcer also indicated Dallas was awarded possession.

After the break, the Mavericks lined up on their offensive end, giving Looney the easy dunk with no defenders around as the Warriors took a 90-87 lead with 1:56 left in the third.

Cuban said he planned to protest after posting on Twitter that he thought the sequence was the “Worst officiating non call mistake possibly in the history of the NBA.”


Mavericks owner Mark Cuban said he plans to protest a two-point loss to the Warriors after a confusing sequence led to an uncontested basket for the Golden State in Dallas’ 127-125 defeat.
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Dallas coach Jason Kidd’s contention was that official Michael Smith must have thought the Mavericks had possession because he was on the same end of the floor as the Mavs.

“There was quite a few people out of position,” Kidd said. “It’s correctable, but you first have to admit there was a mistake.”

The Mavericks were without All-Star guard Kyrie Irving because of right foot soreness and fell 1 ¹/₂ games behind the Warriors, who clinched the tiebreaker by winning the season series 2-1.

Irving’s absence meant he and Doncic have played together in just half of the 18 games since Irving’s debut after the blockbuster trade that brought him from Brooklyn.

Golden State (38-36) holds the final guaranteed playoff spot at sixth in the West.

Dallas (36-37) dropped to ninth — the third of four play-in spots.

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What is Wash Trading? Mark Cuban Predicts It Will ‘Implode’ Crypto Sector

After the crypto sector hit the bottom of the overall trade sector in 2022, investors stepped into 2023 with hopes to see an improvement to the market sentiment. Billionaire crypto supporter Mark Cuban has predicted that the year of 2023 will have its own share of scandals. The illegal practice of wash trading, Cuban has predicted, will trigger more financial issues for the already volatile and scrutinised industry. The American business tycoon has sounded an alert to all centralised exchanges to begin devising strategies to identify and report wash traders.

What is Wash Trading of Crypto Assets?

When a group of traders or bots purposely engage in the buying and selling of the same crypto asset to inflate its price, that process is called wash trading. This way, a broker and a trader often come together to mint profits after injecting orchestrated misinformation into the market.

The prices of the crypto asset could remain risen by the time the wash traders are working with them, but soon after they halt their activities, the price of the asset may drop down — exposing other unsuspecting investors to financial risks.

Not just in the crypto sector, wash trading also poses dangers to the investors of other assets like stocks.

The US has made wash trading an illegal and punishable offense.

Usually, wash traders exploit centralised exchanges to perform their actions. Some of the popular centralised exchanges include Binance, Coinbase, Kraken, and KuCoin among others.

In March 2021, Coinbase agreed to deposit $6.5 million (roughly Rs. 53 crore) to settle claim that its former employee was wash-trading Bitcoin and Litecoin. The claim was levied by the Commodity Futures Trading Commission (CFTC), which also reportedly alleged that Coinbase was reporting inaccurate information around trading on its platform.

In 2022, a Forbes report analysed the trading activities on 157 centralised exchanges and found that over fifty percent of all Bitcoin trade volumes that cropped up, were fake.


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