Two prominent YouTube creators are moving forward with plans to sue over a video that appeared to promote a cryptocurrency project but was actually a scam. Ben Armstrong’s Bitboy Crypto is a YouTube channel where he and others discuss the latest developments in the cryptocurrency industry and provide trading tips, token releases, and other related content. The channel has been operational since 2018 and has 1.4 million subscribers.
The channel specializes in crypto trade and news-related news segments. Although the videos appear to offer trading advice, the channel displays a disclaimer stating that the owner is not a professional advisor in areas such as commodities and securities trading, taxation, finance, and cryptocurrencies. The channel’s content describes it as being designated for general information.
Bitboy has taken a lot of heat in the past from the greater crypto community for ostensibly misleading its viewers about various projects and tokens. Armstrong has made multiple attempts to refute such claims. BitBoy Armstrong has been compelled to implement a legal solution as a result of an incident involving the comments posted by another YouTuber on one of his videos.
Atozy accuses Bitboy of misleading the viewers on YouTube.
Erling Mengshoel Jr., aka Atozy (his channel name), stumbled upon a video that has since been removed from Bitboy’s channel, in which the 2020 release of a product called Pamp network was advertised. Investors lost money on the venture after hearing rumors that its founders had pulled a fast one. According to CoinGecko’s data, the token’s value decreased from its all-time high of nearly $2.73 in July 2020.
Bitboy was contacted again by Atozy as PAMP was failing, and Atozy made the observation that Armstrong had been misleading viewers with his advocacy video. In November of the previous year, Atozy began creating a comprehensive video aimed at Bitboy’s owner, accusing Armstrong of dishonesty and promoting the scam-based project.
Bitboy files a defamation lawsuit against Atozy.
Consequently, on August 12th, Armstrong confronted Mengshoel in a lawsuit filed in the United States District Court for the Northern District of Georgia. The petitioner has included claims for defamation, tortious interference with business dealings, and emotional distress in the filing.