UpOnly podcast host Cobie has donated $100,000 to YouTuber Atozy so that he can defend himself in a defamation case brought by well known crypto influencer Bitboy Crypto.
Crypto influencer sues youtuber
Bitboy Crypto, the multi-millionaire crypto influencer, is suing a YouTuber for a YouTube video that was posted nine months ago, in which he labelled Ben Armstrong (Bitboy Crypto) as a “dirtbag” and a “scammer”.
The lawsuit brought by Armstrong is asking for $75,000 in damages. In a video posted today, Atozy stated that Armstrong is suing for:
“defamation, defamation per se, intentional infliction of emotional distress, negligent infliction of emotional distress, tortious interference with business relations or potential business relations, violation of uniform deceptive practices act, and violation of fair business practices act.”
In a Twitter post, Atozy gave some short details on the subject:
Atozy also added a tweet in which he said he would be “crowdfunding” in order to try and defend himself in the case, and he made it clear that he would donate any money left over to charity because he had “no interest in profiting from [his] community.”
Armstrong’s crisis of conscience
Around two weeks ago, an article was published on CNBC in which certain influencers were examined for their alleged promotion of fraudulent enterprises.
The article started off by featuring Armstrong and examining his payments from crypto companies that paid him to “tout” their products to his enormous viewership on YouTube. Armstrong was quoted by the article as saying that he could easily make more than $100,000 a month just through “promotions”.
However, the article stated that Armstrong had had a “crisis of confidence” in relation to this business practice.
“Ben Armstrong says his crisis of conscience came in January of this year, when he realized he had to stop a business practice he — and a lot of other people in his line of work — had been engaged in for years.”
He also appeared to express remorse over losses taken by his followers through his promotions:
“Armstrong now says he feels responsible for the losses suffered by his followers. “I mean, of course, I do,” he said. “I hate it when we talk about stuff that didn’t do well.”
Armstrong sues and Cobie funds the defence
Nevertheless, Armstrong has decided to sue fellow youtuber Atozy for referring to a promotion of his for a crypto project called PAMP. The Atozy YouTube video which is cited by Armstrong, features him promoting the project.
Cobie, the host of the UpOnly podcast, responded to the Atozy tweet telling of the lawsuit, and said that he would send $100k.
Reportedly $100,000 did appear in Atozy’s wallet, and Cobie did confirm later that he had sent it.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
